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Re: ATLnsider post# 131059

Wednesday, 08/23/2017 1:02:21 PM

Wednesday, August 23, 2017 1:02:21 PM

Post# of 685392
ATL, take a look at HOW that cash burn happened to be so low.

The AP (not counting Cognate) jumped $2.4M. That is a very substantial amount. Leaving unpaid bills on the kitchen counter is not a sustainable way to avoid spending cash.

Even if they just hold the new AP level steady, that would translate into a spend this Q of $6.1M.

So $6M for a core nut.

On top of that, they might have to pay off some of those $2.4M in bills. They might have some of that debt due (no way to know for sure). Might be paying Cognate some (they paid them nothing last Q).

Volume:
Day Range:
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Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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