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Replies to Msg. #799024

Msg. #

Subject

Posted by

Board

Date

12962

Re: the 1.7m **
i can't say I've read the 10k very carefully, I basically lack the int...

DigSpace

ALEA

20 Mar 2013
7:00 AM

12960

Re: the 1.7m
It is not clear what receivable was factored. You could be right, but...

rwk

ALEA

20 Mar 2013
5:39 AM

The above list shows replies to the following message:

the 1.7m

By: Cactus Flower in ALEA

Wed, 20 Mar 13 3:32 AM

Msg. 12959 of 54959

"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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