Did she post some burn rates that I missed? Her post appeared to me to just offer the same break down of cash flow from operating activities, that the link I provided gave. Anyone who wanted to look at that link can easily assertain what was cash and what was non cash because its already broken out in the link, so I still dont get the point of her post.
But now you are referring to her operating cash flow numbers for actual cash, and referring to them as the burn rate, which you now expect to be lower then those numbers? Arent the operating cash flow numbers just one part of the burn rate? Didnt NEOM expend over 4 million dollars in ACTUAL CASH in the 3rd quarter 2006 as I clearly illustrated on the balance sheet? So are you now saying her 1.9 million she lists for Q3 was the burn rate for that quarter?
Please explain to us non accountants, how in Q3, NEOM spent 4,418,000.00 with a burn rate of 1.9 million as is alleged, is all of the cash portion of their losses. Maybe you forgot to add in the 1.7 million in losses in Investing activity, which she didnt include in her post either.
No matter what sheet you look at you come up with losses over 1 million a month, which makes my original statement she has been challenging 100 PERCENT ACCURATE. I never said whether the losses were cash or non cash adjustments, I never referred to actual cash burn rates etc. She and Success brought that into the discussion. But even then she is wrong if she is claiming the burn rate is 1.9 million when 4.4 million in ACTUAL CASH got spent that quarter.
INCOME STATEMENT Operating Income or Loss (5,444) (5,915) (4,127) (3,608)
BALANCE SHEET Cash And Cash Equivalents 3,133 2,550 7,115 2,291 (dont forget the 5 million in new funding in Q3)
CASH FLOW STATEMENT Total Cash Flow From Operating Activities (1,952) (3,843) (2,586) (558)
Total Cash Flows From Investing Activities (1,738) (425) (12,524) (1,843)
How did I get that 4 million number you ask? Well they ended Q2 with 2,550,000.00 in cash still on their books. They then recieved in Q3 new funding for 4,898,000.00 from Cornell after fees were subtracted. They also sold some stock either in options or warrants for an additional 103,000.00. Combined that means in Q3 they had a total of 7,551,000.00 in cash at their disposal, and at the end of that same quarter according to their balance sheet, they had 3,133,000.00 left. Looks like to me they spent over 4 million that quarter in ACTUAL CASH, not non cash adjustments. And if that is correct that averages out to over 1 million a month, more like 1.5 million a month.
By the way she still wont post a burn rate as the poster asked, and I wonder why that is, since she keeps reminding us of her expertice?
