InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,442.00
(
2.14%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
62,719.99
(
-0.27%
)
Post# of 248788
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

player1234

Send PM Follow Ignore
Followers 26
Posts 4029
Boards Moderated 0
Alias Born 04/16/2004

player1234

Re: None

Tuesday, 05/12/2015 6:09:13 PM

Tuesday, May 12, 2015 6:09:13 PM

Post# of 248788
Cash should be running low.

At the end of Q1 they had $4.4m (cash + receivables)
They burned $7.2m in Q1.

Assuming they are getting in about $0.8m from smaller stuff in Q2 so far, they should run out of cash by the end of this month.

Even if they land a "big deal" today, they won't have the cash for at least 30 days out as payments are typically net 30.

BTW, any talk about delisting or reverse splits is premature as the under $1 requirement allows an extra 180 days beyond the first 180 days. I have never seen the extra 180 days denied by NASDAQ.

Being "wrong" has been extremely profitable.

Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up