Electric Fuel (efcx) Comments Message Board

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Technology Stocks : Electric Fuel (efcx) Comments

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To: Maximum_Gain who wrote (39)	1/26/2000 1:22:00 AM
From: Maximum_Gain	Read Replies (1) of 121

Info -- cash on hand vs Burn Rate by: maximum_gain (33/M/NY) 1/26/00 1:15 am Msg: 2195 of 2195 I keep finding more than I ever wanted to know about EFCX from the 10 Q sec.gov It shows the monthly burn rate about .5 million/month (1.5 per qtr /3 months) As of September 30, 1999, the Company had cash, cash equivalents and financial investments of approximately $3.0 million compared with $8.9 million as of December 31, 1998. From Oct to Jan burned 1.5 million (3 x .5) 3.0 - 1.5= 1.5 million in cash. Jan is almost over -.5 = 1.0 million cash. That's 2 months operating expenses. Not a lot of money when you are ramping up production for a new product, and you have to pay for a new automated manufacturing plant, that ws supposed to be delivered in sept/oct., and advertising and marketing. They absolutely had to do the private placement, that or go out of business. Pretty scarey stuff. Seems to me if this company can survive, a saving grace would be to get scooped up by one of the big boys like Duracell or Eveready. Who I am sure are not just sitting on there laurels doing nothing..

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