I don't know what else they might be for, especially since FC was unwilling to use those funds instead of siphoning from dividends (perhaps they are his personal funds and do not belong to AM?).
But this alone is not the reason for my bearish outlook - it's just another piece of evidence in a big puzzle.
Even if they are for expenses, why say "spend it now!"?
You're a fucking idiot, he will pay his bills when he needs to.
The company has a good amount of working capital, and you think thats bad?