News Focus
News Focus
icon url

Zeev Hed

07/08/03 7:49 PM

#127846 RE: mrgoodtrade #127841

Not heard of them, but their cash on hand and cash burn are not a prescription for success, unless they get a real big customers ordering some additional $5 MM each quarter (roughly what they'll need to break even?), tripling their current quarterly sales of about $2.5 MM. They got a $5 MM injection in the first quarter, enough for half a year, with good market conditions, they may get more, but look into how they got that money and what if any string might have been attached.