I´m sure that the cash position (or the perception of it) is significant part of the problem with ECU. According to the website the cash position was $8.6m CAD at the end of 2007 and had declined to $ 2.4m CAD at the end of June 2008. So by now the money must be running out.

However, when checking the MD+A one can see that $6m CAD convertible debenture financing was made after this period and that there was a still $7m CAD credit facility available. So the position is fine for the time being. Does everyone realise this?