Warrant exercised totaled 5.1 million last QTR according to NP yesterday
41:31 wanted to cover two areas there first of
41:33 all just cover our cash position at the
41:35 end of the quarter our third quarter
41:38 ended on February 20 and as will be
41:42 disclosed in our upcoming 10-q filing we
41:45 ended the quarter with just over seven
41:47 million dollars in cash on hand this is
41:50 a substantial improvement compared to
41:52 previous quarters looking back
41:55 last quarter we ended with approximately
41:57 1.2 million which included around seven
42:00 hundred ninety thousand dollars in
42:02 restricted cash the prior quarter we
42:04 ended with 1.8 million and the quarter
42:06 before that we ended with almost three
42:08 and a half million dollars which is
42:10 approximately eight hundred fifty-three
42:11 thousand was restricted cash this
42:14 substantial improvement as of this last
42:16 quarter end was strongly bolstered by
42:19 natural warrant exercises totaling
42:21 approximately 5.1 million during the
42:24 quarter this last quarter which occurred
42:27 on the advent of Saturday and recent
42:29 buoyancy in the stock price this strong
42:32 cash position has achieved in addition
42:34 to making significant progress on our
42:36 previously reported accounts payable
42:38 balance as of the last reported quarter
42:41 as well as clearing the floating rate
42:44 debt off our balance sheet through a
42:46 series of cash repayments and lender
42:49 conversions as a housekeeping
42:53 housekeeping note we wanted to inform
42:55 investors that if they have any
42:56 questions about warrant exercises or
42:58 need to know where to submit their
42:59 notices of exercise cited ein has set up
43:02 a link on its website under in
43:04 section entitled warrant exercise
41:31 wanted to cover two areas there first of
41:33 all just cover our cash position at the
41:35 end of the quarter our third quarter
41:38 ended on February 20 and as will be
41:42 disclosed in our upcoming 10-q filing we
41:45 ended the quarter with just over seven
41:47 million dollars in cash on hand this is
41:50 a substantial improvement compared to
41:52 previous quarters looking back
41:55 last quarter we ended with approximately
41:57 1.2 million which included around seven
42:00 hundred ninety thousand dollars in
42:02 restricted cash the prior quarter we
42:04 ended with 1.8 million and the quarter
42:06 before that we ended with almost three
42:08 and a half million dollars which is
42:10 approximately eight hundred fifty-three
42:11 thousand was restricted cash this
42:14 substantial improvement as of this last
42:16 quarter end was strongly bolstered by
42:19 natural warrant exercises totaling
42:21 approximately 5.1 million during the
42:24 quarter this last quarter which occurred
42:27 on the advent of Saturday and recent
42:29 buoyancy in the stock price this strong
42:32 cash position has achieved in addition
42:34 to making significant progress on our
42:36 previously reported accounts payable
42:38 balance as of the last reported quarter
42:41 as well as clearing the floating rate
42:44 debt off our balance sheet through a
42:46 series of cash repayments and lender
42:49 conversions as a housekeeping
42:53 housekeeping note we wanted to inform
42:55 investors that if they have any
42:56 questions about warrant exercises or
42:58 need to know where to submit their
42:59 notices of exercise cited ein has set up
43:02 a link on its website under in
43:04 section entitled warrant exercise
