Crow3:
Here is the correct burn rate for Cdex Inc:
For the year ended October 31,
Revenue
$ 242,568 100.0 % $ 516,322 100.0
Cost of revenue
110,204 45.4 173,193 33.5
Gross profit
132,364 54.6 343,129 66.5
Operating expenses:
Selling, general and administrative
715,083 294.8 839,394 162.6
Research and development
136,035 56.1 146,718 28.4
Termination of oncology agreement - net
- - 68,667 13.3
Total operating expenses
851,118 350.9 1,054,779 204.3
$851,118 divided by 12 months equal a monthly burn rate of $70,926.50. To which we ALL know that that number has been reduced.
So the comment about $200K lasting one month is beyond stupid.
Imo, the burn rate is closer to $35-$40, maybe even less.
The revenue for 2013, is going to be greater than 2012, imo. I believe that fact is a given, just based on what the 10 CCT's will generate.
What will the G4's generate? Hum, 2013 will be a tell all year, imo.
Just keeping real.........real.
Simple little facts taken from the SEC filings, which have been filed on time by Mr. Brumfield, EVERY SINGLE QUARTER that he has been in charge.
A claim that NO OTHER CEO, all the way back to Loch Harris,
CANNOT claim. Just another simple fact.
lol, if Cdex ever hires another Chief Engineer, he/she will be able to do something besides watch TV all day.
How did the ex employee, ryles, participate in the Dr. Poteet led arbitration against Mp?
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