Finjan Holdings Inc (FNJN)

[UglyAmerican]

When I first purchased this stock they had almost 20 million in cash. A few quarters later they had less than 5 million and had to get a loan to keep going. The burn rate here is 4-5 million per quarter. Could be more as trials occur. If bluecoat 1 doesn't payout later this year they could be in big trouble and would require more financing. Sounds crazy I know, but they spend a lot of $ renting their fancy office on Palo Alto and paying all the salaries of the highly important board members and executives. They have almost zero recurring revenue at this time. Good luck.