Hi CF, I just don't see how they could increase current A/P as in Q3 they exceeded total rev by ~$5.5M. COH @ $2M was about as low as it can be. A/R has deceased for 4 continuous Q's. In my mind that only leaves three areas as sources to keep doors open: financing, increased rev and decreased OpEx.
Assume they decreased OpEx from $12.6 to $11.5 ($1.85 is non cash) and they used all the $3.3 PP and got ~.250 more from ESPP and warrants et al. That would leave $6.1 that had to be paid requiring $6.5 in rev.
But CF that would leave them w/ a little more than 2 weeks working capital - they went 11 weeks into Q1. I just can't figure how they could do that w/o total destruction of the balance sheet, massive layoffs or significant increase in rev. So I'll stick w/ $10+ and be wrong again.
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