IPIC Message Board - Msg: 3425996

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : IPIC

IPIC 0.0001000

0.0%

Aug 15 3:35 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: WeirdPro Randy who wrote (1032)	2/13/1998 1:12:00 PM
From: Pancho Villa	Read Replies (1) of 1359

Randy: Short term liabilities did get reduced by 12 Million from 42 million to 30 million. They will have to pay this 30 million within the next 12 months [that is why they are called current liabilities]. Now it is like a revolving door, old liabilities get paid and new come in. In other words, they may have paid out more than 12 million of the former 42 million but the net change in liabilities is that they were reduced by 12 million. Hope this helps. >>So we burnt $19 million this previous quarter, but by your posts, it makes it appear as if we have reduced liabilities by $12 million.....?<< The change in cash is partially explained by the 12 million decline but not all. Counting the 30 million in liabilities, and considering the fact that these guys have no desire whatsoever to establish some kind of cost control. Burning cash at this rate they will go through 100 million in a bit more than a year. The burn rate is amazing if you consider their limited in-house research activities. One of the most inefficient outfits I have seen in the field. Pancho

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next