Zeev's Turnips Patch-No Politics (ZEEV)

[Bruce A Thompson]

Zeev,

From an interview 8/31/2003:

WSR: In your current cash position, do you have enough funds and resources available to support and move your programs?

GERN: As you know, we have done the hard thing. We completed two reductions in force, one last year and one at the beginning of this year. Those are painful things that you don’t want to do unless you have to. We did it to conserve our burn rate, and to focus on product development. We were able to retain the employees who were critical to product development. We raised some money in April and we have funds at our current burn rate to last through 2005. We will be ready to raise more cash at opportunistic times. We usually keep 2 or 3 years of cash in the bank and we will continue to adhere to that strategy.


http://www.wallstreetreporter.com/linked/Geron.html