RE: Conference call...Common for firms to buy in IPO and trade away the shares. Keeping the free warrents that came with them.
38Mil cash now. Thought SB corrected to 43Mil? ... maybe 38mil is an un-announced number pending completion of a new acq. Or maybe just forgot to include some 5mil liquid item.
23Mil (royality + interest) coming from S&J loan in 2008. so they have cash flow.