Monday, June 08, 2009 1:34:12 PM
Good question. I do not concern myself with calculating to the penny, I estimate. As mentioned previously, somewhere along the way I estimated cash burn at $250 - $275K/mo. Is this accurate?..I have absolutely no way of knowing..it is conjecture.
However, with the airlines continuing to announce expansion of their 2D initiative I only envision "expanding" sales of EXIO scanners going forward. I also tend to feel licensing is likely to have an impact on matters. Add to this any recurring revenue stream from service agreements (EXIO scanners), and of course any revenue from clicks as campaigns continue to launch, and you have the makings for greater than 3 months.
I felt I was being conservative, yet somewhat accurate based upon the filing.
As for your belief that it takes large, committed $$$ to build a company...apparently you have never built business through establishing channels. This is what dreams are made of ;)
Best,
Be Confident
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