TSXV:VER.H - Post by User
Post by
netgenxon Jun 01, 2014 8:40pm
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Post# 22619545
on life support - burn rate vs cash on hand
on life support - burn rate vs cash on hand
Spoke with mgm't at Vancouver investment conference today. ----- cash on hand< $300k, burn rate $150k/ month, 2 firm orders...----- new "sales team" better get with the program or vrs is doa.----- at this point it seams as if a t/o would be the best outcome for shareholders-----what a waste. $300k,="" burn="" rate="" $150k/="" month,="" 2="" firm="" orders...-----="" new="" "sales="" team"="" better="" get="" with="" the="" program="" or="" vrs="" is="" doa.-----="" at="" this="" point="" it="" seams="" as="" if="" a="" t/o="" would="" be="" the="" best="" outcome="" for="" shareholders-----what="" a="" waste.=""> $300k, burn rate $150k/ month, 2 firm orders...----- new "sales team" better get with the program or vrs is doa.----- at this point it seams as if a t/o would be the best outcome for shareholders-----what a waste. >