Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register account icon
S&P 500
7,580.06
(
0.22%
)
US TECH 100
29,618.40
(
0.29%
)
Dow Jones
51,032.46
(
0.72%
)
Brent Oil
93.76
(
2.62%
)
Bitcoin
72,829.93
(
-0.99%
)
News Focus
News Focus
Post# of 257665
Next 10
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 843
Posts 123040
Boards Moderated 9
Alias Born 09/05/2002

DewDiligence

Member Level

Re: dread50above post# 10393

Thursday, 04/28/2005 8:27:39 AM

Thursday, April 28, 2005 8:27:39 AM

Post# of 257665
Re: GTCB cash position

From today’s PR:

--$27.8M cash and marketable securities at 3/31/05.
--$6.6M of operating cash burn in 1Q05.
--$20M of operating cash burn expected for 2005.

It follows from the above that the expected burn during Q2-Q4 is 20-6.6=$13.4M, approximately $4.5M per quarter. *If* this burn rate were maintained, the cash on hand would last more than six quarters (27.8/4.5=6.2 quarters).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Unleash the power of Level 2

Spot liquidity moves with access to US order books.

Sign Up