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Re: the 1.7m **

By: DigSpace in ALEA | Recommend this post (0)
Wed, 20 Mar 13 7:00 AM | 76 view(s)
Boardmark this board | The Trust Matrix 		Msg. 12962 of 54959
(This msg. is a reply to 12959 by Cactus Flower)
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i can't say I've read the 10k very carefully, I basically lack the interest to do so as far as what portion of what is payday loans. I did think in what I did read that the 1.7 was not leveraged based on the wording as rwk described. But I do mean ALL give or take a million, not just the net. So new billings +/-1, expenses +/- 1, non-cash +/- 1 and so on, it gives a final range of several million, and given my rather consistent record of significantly underestimating end-of-Q cash I gave them 3. e.g. the 2.1m end of last I find very suprising.

** reading what you pasted does make a good case for that being leveraged but they did say cash does not include the 1.7 which to me means that 1.7 was not leveraged, otherwise it is effectively included.


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The above is a reply 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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