RE: cash on handHope this helps, kmapp... Note Watson's comments, volume of orders and cash flow generated from operations below.
From Q1 press release:
``Based on in-house forecasting, we believe that we currently have sufficient working capital with $2.1 million in cash and short-term investments on hand at the end of the first quarter of fiscal 2002. The Company's requirements will depend on the timing and volume of orders. The growth in the FSO market is so dramatic that Plaintree is now reviewing whether additional financing will better enable us to assume a place as one of the leaders in this field. We will use this financing to expand the sales team and increase production levels. We are exploring a number of financing options and are speaking with investment dealers and others toward securing additional capital,'' Mr. Watson said.
Also from the 2001 Annual Report:
The company believes that its current working capital and the cash flow generated from operations will be sufficient to meet its forseeable working capital requirements for approximately the next twelve months including its commitments under the BIA Proposal.