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S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,767.66
(
-0.20%
)
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Investaholic1

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Investaholic1

Re: None

Friday, 05/27/2016 3:33:54 PM

Friday, May 27, 2016 3:33:54 PM

Post# of 541
Cash on hand $76.6 million at the end of Q1 2016 after $34.7 million loss.

Western Geco settlement payable immediately $20 million.

Leaves $56.6 million, minus loss during Q2 available going into Q3

If Q2 loss is another $30 million or so this leaves $26.6 million cash on hand by the end of Q2.

Revolving line of credit reduced from $40 million to $24 million.

Not difficult to see what will happen by the end of Q3 if the trend continues.

Hopefully oil will rebound and ION will get more business, but if you are relying on return to mean investment with this stock be careful.
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