Tada - you followed my post last week with something like the one you just posted and I replied to you back then with this below. I believe we need another financing ro retire the loan.

Tada - I don't try to guess too much on cash and burn as there are always too many variables that we don't know between financial reports. I am having trouble reconciling your statement though. They have stated that they had USD$6.5mm on Jan.31. Their 50% of the two financings since should have raised that to USD$$14.6mm. They had USD$7.3mm in payables already on Jan.31. I don't remember the last burn rate they gave us but seems like it was over USD$3mm (someone please correct me if I'm wrong) so if I use USD$3.5mm, they would have already burned USD$7mm pulling them back to USD$7.6mm cash. That is without paying off any of the payables that they had already amassed. Maybe they paid about the amount they are building new so still have about USD$7mm payables, then the cash would be about $USD$7.6mm. That would barely allow them to pay off the loan and have no cash with a lot of payables built up. In my opinion, another financing is required to retire the loan.