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scerecy

01/27/09 1:42 PM

#1858 RE: LongCYRX #1857

The only real facts that we have from the company are the financials, and the few interviews with our CEO. The burn rate is 200,000 per month, I think we had 1.4 million in cash at the end of the 2nd quarter. I was asking a friend today what he thought. Based upon the public information at our disposal, it's easy to calculate. You should have $800,000 at the end of the 3rd quarter, but must account for the first 45 days of the 4th quarter. $500,000 would be an estimate. If you think the company can secure financing before May 1st, or gets some revenue to offset their costs, most likely the company is done. Sorry to report such depressing news, and certainly hope we can pull something off in the next 3 months.