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Replies to #76323 on Biotech Values
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wallstarb

04/21/09 10:46 AM

#76326 RE: turtlepower #76323

Financially DSCO doesnt seem to have a lot of time left - looking at their balance sheet from Dec 2008 and it's not that good. About 22m cash with an equal about of debt/libilities (net cash essentially 0 or negative slightly)

They burn about 10m a quarter so they may be out of cash in less then 2 months (end of June) not sure what their 11m debt covenants are - but they will likely trigger some covenants sooner then later and that may force them to do something soon.