Can someone clarify the actual cash burn rate ?

I had $ 2.5 M per month in mind, but the IFS for 2008 stated :

$ 2.8 M for Q1 2008,

$ 5.2 M for Q2 2008,

$ 10.3 M for Q3 2008,

which equates to $ 18.4 M for the first 9 months , so roundabout $ 2 M per month.

But the latest presentations mentioned cash of $ 40 M (October) and $ 30 M (December), which equates to $ 10 M spending in 2 month (= $ 5 M per month).

So are we closer to $ 5 M or to $ 2 M per month ?

I think, this is an important question these times in order to find out how long our cash will last before the next financing.

FANTOMAS