Post by
Everswan on Feb 10, 2010 11:33pm
MYG House is burning....
The way I see it.
Every day is dollar gone.
What's the cash burn rate here?
March is coming each 3 months MYG burns 4.6 Millions.
This is it the very last 9 millions or 10 millions.
Let's be generous cash value = 10 / 37 = 0,27$ per share.
On July 2010, MYG will be trading at 5 / 37 or 0,135$ per share.
Anther -50% from here, in 3 months....
The house is burning... fast....