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Tuesday, August 26, 2008 8:19:08 PM
They used $2.2 mil in cash last Q. They should burn at least 0.5 mil less on property plant and equipment (I would think?). I'd like to think they'd have an extra 0.2 mil in higher gross profits. This brings the burn rate down to $1.5 mil (these are wild guesses to see if the 12 months thing is even possible using plausible potential assumptions).
$3.2 mil in cash + possible $2.8 mil in increased payables = $6 mil cash. Burn rate $1.5 mil. Cash needs okay for 12 months.
This is a hypothetical example of how it MIGHT be possible. This also ASSumes Mountain View is of no help, Hollywood & Woodland Hills don't improve during the Xmas period, and no material revenue is generated from licensing.
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