From "cash projection" slide 73 it shows $21.7MM in cash and available funding as of
March 31, 2012.
Given that we had $15MM of funding available at year end between Series A and Socius
it seems a given ACT did make another Socius draw the end of March which would account
for the additional 33MM in OS# between March 22-April 3. If no draw was made it would
mean ACT had $6MM COH which Rabin has never let this figure get that low since he became
CEO. The chart also suggests to me that more funding will be online prior to the 4th qtr
where COH+available funding is less than $10MM...
Since i cannot get any new numbers from TA until May 1 I have been watching for the Company
to update the "Corporate Profile" of their website. It was updated yesterday prior to the meeting
showing an April 25 date but they did not change the OS# showing the 33MM share increase
I received from the TA on April 3..thanks