Doing a bit of research I did confirm that DJ had mentioned during the 2011 Q4 that "the $34.7 million in cash gives us enough of the balance sheet to really run the business for this year." During this year's Q4 he stated that going into fiscal year with 50 million should give our vendors and customers confidence that the company was healthy and in good shape. We're only talking about a 15 million difference Y/Y hence my nervousness about more dilution. Hopefully free case flow will increase and it won't be necessary.
Going back even further this seems like something of a trend; one which I hope is ending.
BTW, do you have any idea about why the volume and price was up today? 3 cents is good for me--what does it do to your chart?
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