RE: Financial Update
Hi Sailor,
Okay I’ll concede on this one, Orex has managed to bring down there operating cost from a million dollars in 2009 to bit over 1/2 a million in 2010… That in it self is a good sign… My garish statement may have less to do with the dollar figure and more to do with the amount of progress over the last couple of years against the amount of money spent…
You may be right about Mark Billings, he may have been dealt a bad hand to start off with… our obvious liability and nuance (our great CFO) may be over shadowing some of the accomplishments by Mark…
One of my biggest concern is that with our current cash on hand our burn rate we may not be able to accomplish much on our own…
And I will also agree that this is sounding like a long long term investment…
Thanks
Desi.