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Re: the 1.7m

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 20 Mar 13 7:00 PM | 87 view(s)
Boardmark this board | The Trust Matrix 		Msg. 12972 of 54959
(This msg. is a reply to 12970 by tkc)
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hi tkc,

we used the same napkin. our numbers were similar. i just knew snackman's rumour, if true, would lower the revenue by $2m.

but given they made $1m less than either of us guessed, then i believe factoring the invoice was pretty much a necessity.

of course they don't wish to seem desperate. but i would guess they are.

and that we are setting up for a fairly heavy dilution sequence (in terms of share numbers).




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The above is a reply to the following message:
Re: the 1.7m
By: tkc in ALEA
Wed, 20 Mar 13 6:47 PM 		Msg. 12970 of 54959

Hi CF, they clearly needed the cash. I arrived at 10M
though my mismash of cash and accrual accounting. We knew they had been selling A/R - I missed the 300K+ of ATM and the 1.7 but was convinced they couldn't have made it to mid march w/o it. That's also why I didn't really care about "rev" per se especially because rev continues to include recognition of dev rev. Clearly they also had to have some CoH for working capital - in fact they ended the Q w/ about the same cash as they started. It's a mess, pink sheet maneuvering.


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