According to the MD&A they currently have over 1.2 million in cash and investments so they're fine for a while yet so I fail to see the great concern. Let's also remember they have a very low share float around 60 million- take a look around to see how small that is as AE has been very good at keeping the share float low. They also have a share price around $1.50 so even if they had to do a PP for 3 million shares that still keeps the float very low at 63 million and would bring in 4.5 million dollars or higher as the PP probably wouldn't be done until any positive news was released, therefore possibly a higher share price.

We could see a PP later in the year but their current liabilities are covered.