Post by
stockwookie on May 22, 2008 12:22pm
Dropping like a Lead Weight
Hi All,
I have been watching this one for a while and own some of it. Man - has the stock ever dropped and there is absolutely no support for it. Everything was looking good and they had a strong stock price for a while ... but now it looks like they are heading to the toilet.
Does anyone know how much cash they have in the till and what their current burn rate is? ie. it would be good to see what their current life expectancy is - as raising money will be near to impossible now I would suspect. They already have so much stock outstanding.
It looks like the options for these guys are now hugely limited. Who would want to buy it? Who would want to fund it?
Anyone else have any other commentary?
Wookie