Replies to post #14249 on Redwood Scientific Technologies Inc (RSCI)

[megalodontheory]

The announced reduction of overhead by 60% - and the royalties from Asia (for which there is 0 overhead) should help them retain revenues moving forward. GDGI

[dcsteve]

Agreed. That was 4 million since they started selling the commerical units in 2008. Not alot of money there. What's about to happens should blow everyone's mind and those holding the float down with millions of shares like myself,dutch,somji,wildeagleman,winmeny, mrtx will reap the major benefits on revenue and contract announcements. Picture perfect pink.

[gnosis]

fortunately, their cash burn is way less than 2 million a year.
they do have financial statements. but my point was not that it could not have been spent on debt service or legal fees or whatever, but that it was never booked as revenue in the first place. 4 million did not come in and go out. it never came in. read the 10ks and you will see this is clearly so.

steve's explanation makes a lot of sense. but it begs the question "if they already sold 200, why have they been so slow to sell any since they quit the mr mist guy partnership."

also, thank god, no way is the money all in the install. that piece of crap they are selling for $2,400 at mr misty or whatever doesnt have the filter system. its just going to scale up your fins and ruin your ac unless you have water with naturally zero mineral levels.