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christjamin

11/13/15 9:31 AM

#13325 RE: downtrendbuyer #13324

I told him that I was not happy with 2 millions + dollars spend to promote "Estrogel" and "Saizan" with so meager return. I pointed to him the 38-2.9-cost associated with Quebec office closing. I would guess that will leave them with 30 millions in cash. With 7 millions quarterly cash burn(last quarter there was 15 millions+ loss due to one time financing charge of 7 millions, so roughly cash bur is 7-8 millions), that would carry them couple quarters.
He was very evasive, I was not convinced enough to switch my vote.