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Re: 6pack2go post# 97123

Saturday, 10/25/2014 2:33:24 AM

Saturday, October 25, 2014 2:33:24 AM

Post# of 123646

My opinion, and fact, is their monthly 'burn rate' is not $200k.....More like $55k......



Not even close. Salaries alone are that. What I think you're doing is spreading out recent spending over the dormant first six months. You're also not considering the books. They increased both debt and payables significantly in addition to some other categories. Basically the hid the spending. Last item is how much of the million the sibs sold for stock was for the fiscal year. Add in all of that and you have almost $1.5 million over six months in addition to $635K. Pretty darn close to $200K a month.