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the 1.7m

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 20 Mar 13 3:32 AM | 84 view(s)
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Msg. 12959 of 54959
Jump:

"yes on cash they ended with 2.1m, are getting 1.7m, and PPed 1m for 4.8 to burn. Looking at 7m in billings for Q1(est) and expenses at about 11m (est) and it seems they may end the Q with about 3m (accounting for some non-cash exp). All give or take a million."

dig, they don't get the cash twice over. most of the 1.7m will be going back to the bank that leant them the money in q4 against the invoice.

i suspect they'll have something much closer to zero in the bank account right now. hence the desperate financing deal.

you're going to sleep at a bad time!

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