Neurogen Corp (NRGN)

[scstocks]

Good Point, Yahoo rates them .63 cents in cash per share as of June 30th. They agree with the seekingalpha piece with about 43 million in cash, but show the shares out as nearly 68 million????

Per the seekingalpha piece: "So, in terms of the guidance for the full year on a non-GAAP basis, we are expecting a loss in the $45 million to $50 million range, which translates to $0.85 to $0.95 per share on 53.3 million weighted shares outstanding." That works out to roughly .80/share cash at June 30th.

So, I guess you can read and dig and use the figures that make you happy....

Yahoo also shows them with 8.24 million debt.

Either way, imo, that is lots of cash vs. the share price I have been buying them at the last couple days, (.28-.29).

http://finance.yahoo.com/q/ks?s=NRGN

http://seekingalpha.com/article/93510-neurogen-corporation-q2-2008-earnings-call-transcript?source=yahoo&page=6

Take Care.