Thursday, July 09, 2015 5:28:37 PM
Would think HDYN can last a lot longer than October. With end of 1Q 2015 cash roughly $20M; they had a 1Q burn of $2.7M, incl about $0.9 of DOJ/SEC related legal expenses (from the 10Q), leaving SG&A of about $1.8m per quarter without DOJ/SEC legal expenses, or about $0.6M per month net; assuming the burn rate was unchanged in 2Q 2015 (DOJ dropped the investigation 5/22/2015) they would have current cash of about $17.3M - or more than 24 months at $600K per month.
Of course, the shareholder suits are still potential issues, but legal expenses were a lot higher for AGR and DOJ than those...
JMHO
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