TRIP: Cash Balance / Burn RateHow long will this company survive?
1 year ago this company had 30 million in the coffers. As of the last quarter the company declared a balance of 21 million.
The burn rate is approximately 1.1 million per quarter. In 12 months or another year the company 17 million assuming no money id spent such as buying land that more than likely will not make any revenues for 5 years or if the company doesn't declare a surprise loss.
The company has over 360 million shares. The industry is considered dead money and no more financings will happen.
Once the cash balance falls enough and people realize that the dream is on its way out the window the stock will crash.
The next quarter will soon be announced as the short balance keeps going up.
Over the past 2 days the SP trading average has been going down.
You get what you pay for...