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DewDiligence

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DewDiligence

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Re: dread50above post# 10393

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

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

Post# of 257268
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!”

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