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Re: RBKissMyAs post# 18387

Tuesday, 08/14/2012 2:52:54 PM

Tuesday, August 14, 2012 2:52:54 PM

Post# of 24311
Are you talking about in February? Or back when the reverse split was done?

It was the issuance OF the preferred stock that wiped out the debt and gave them $30M in cash.

In February, when they raised another $15M, they did NOT have $30M.... todays quarterly data repeated what we already knew... $9.2 million at December 31, 2011, with a cash burn around $1.5M-$2M per month.

Could you please clarify what you're referring to?
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