SiNtx Technologies Inc (SINT)

[boston745]

CL, i've been looking at your numbers again, nicely presented btw. I think you are forgetting to factor in items that impact cash flow. For instance when you are determining actual cash burn you have to add depreciation expense, amortization, non-cash interest exp, etc.. back into your FS loss thus reducing level of actual cash burned (if at all). Also variances in AP & AR will impact the level of actual cash burned each quarter.
What i am seeing is you are only factoring in Income Statement items so you are dealing more with Amedica's accounting loss than its actual cash burn. In the 9m-12m range they should be cash flow positive but still operate with an accounting loss in the range you have. (variances depending).

Also from analyzing the way they do accounting and how consistent their numbers are i would say Sonny keeps things fairly conservative. Even though they raised 500k beginning of Feb, don't assume they were almost out of cash. I bet you Sonny has a set level that he wants to keep cash above.