Totally Hip Software Inc. (THW) - Just the Facts Message Board

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Technology Stocks : Totally Hip Software Inc. (THW) - Just the Facts

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To: JADE who wrote (460)	3/7/1999 6:54:00 PM
From: DaveU	Read Replies (1) of 704

Jade, From a fundamental basis this company has some real severe cash problems. I figure from their latest financial report March 3 (for Dec. 31 1998)they need a minimum of 1 million just to keep their people paid and their suppliers on terms up to March 30th ,1999. I called the company and they said they were close to securing a million in a private placement. I also asked what kind of material impact (New Sales for new product) could be expected this quarter. They said it takes a long time for the channel to ramp up. This company needs some big sales and now!!! Unless someone has a compelling argument, I'm not putting any money into a company that has a burn rate of 475k per quarter and sales of 126K per quarter. DaveU in Vancouver

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