AI
Sunday, March 06, 2016 10:38:11 PM
Hi, no they don't as a background:
Sphere 3D closed on an additional financing of $10.76 million in mid November/beginning of December, giving them enough cash EVEN WITHOUT reducing expenses AND WITHOUT assuming any increased revenue (and most here have a distinct instinct that both have been and are being worked on), but ok, so even without ANY of these it would have already existing cash resources until about mid to end of Q2 based on the reported cash burn of about $5.1 million per quarter for the average of the first nine months in 2015. So, enough cash with NO cost cuts AND NOT ANY revenue increases until mid to end of Q2. Depending also for full disclosure on the extension of credit lines and of course, and again, longer with revenue increases or cost cuts which are ehmm somewhat likely.
So based on the above FACTS (feel free to check the filings In mid November) anybody here can take their fair pick on how long their already existing cash resources to last, so anywhere from mid to end of Q2 (again without any cost decreases and no revenue increases).
Now, that we have gotten the ugly inconvenient truth for the shorts out of the way, let the mindless never ending bashing ensue..., so that facts get drowned out by what if assumptions portrayed as certainties (halleluia) or the sheer number of short posts if nothing else helps. How original...
Sphere 3D closed on an additional financing of $10.76 million in mid November/beginning of December, giving them enough cash EVEN WITHOUT reducing expenses AND WITHOUT assuming any increased revenue (and most here have a distinct instinct that both have been and are being worked on), but ok, so even without ANY of these it would have already existing cash resources until about mid to end of Q2 based on the reported cash burn of about $5.1 million per quarter for the average of the first nine months in 2015. So, enough cash with NO cost cuts AND NOT ANY revenue increases until mid to end of Q2. Depending also for full disclosure on the extension of credit lines and of course, and again, longer with revenue increases or cost cuts which are ehmm somewhat likely.
So based on the above FACTS (feel free to check the filings In mid November) anybody here can take their fair pick on how long their already existing cash resources to last, so anywhere from mid to end of Q2 (again without any cost decreases and no revenue increases).
Now, that we have gotten the ugly inconvenient truth for the shorts out of the way, let the mindless never ending bashing ensue..., so that facts get drowned out by what if assumptions portrayed as certainties (halleluia) or the sheer number of short posts if nothing else helps. How original...
Docker, a Linux NOT EVEN Windows containers technology company, is valued at over $1 BILLION, having had less than $ 10 million in revenue last year...
