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Re: coldasice post# 10211

Friday, 04/29/2016 10:06:31 AM

Friday, April 29, 2016 10:06:31 AM

Post# of 12137
From the S1: We anticipate, based on currently proposed plans and assumptions relating to our ability to market and sell our products, that our cash on hand and the proceeds from this offering, assuming this offering is fully subscribed, together with projected cash flows, will satisfy our operational and capital requirements through fiscal year 2017.

They must be burning more cash than ever right now if they need $15m cash for the next year of operations. I guess we can quit hoping for margins to improve any time soon...much less cash flow break even. I'm thinking about thinning the herd a bit here...
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