We know the company was down to just under $5 million at the end of January....they needed to address that obviously, and now they have. Sure nobody is happy about it, but that doesn't matter....they needed cash to keep operating, and now they have some....twice as much as they had at the end of January and that was enough to last 4+ months....
So we should have more than enough $$$ to get to the futility analysis....the big question I think is this. Does the FA come out before or after the Citibank loan comes due?