I agree that "monetarily" they are in better shape than they have ever been. My concern is that some of that is due to taking on extra debt in the form of loans. Another issue I have is that McNally is still the one spearheading all of the showings. Like today for example, the press release came out that he would be the one presenting at the upcoming event. They need to get someone in with a bit more character and charisma than that guy to sell the product. I never said they would be out in 6 months so I don't know where that came from. My speculation was that, if they spent $4mil per month on keeping the lights on, paying salaries, and conducting RnD, then they only have about 10 months worth of cash. That said, I did notice the extra cash you mentioned which brought it up to the 60s range. My most sincere hope is that they don't screw this up. They have had a bit of a tail wind the last few months and now a headwind is starting to strengthen a bit. First the stock dropped after the announcement of the earnings call, then the stock dropped today when they said McNally was to be the presenter. I still believe that Titan has a great product but dang man...they need to figure out out to market that thing better. That is all I am saying. To me, the biggest issue with this company, besides it self-identified financial accountability ineptitude, is it's poor salesmanship of what can/should be a great product.
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