General Magic Message Board

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.

Technology Stocks : General Magic

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dgurgel who wrote (8018)	2/12/2000 8:01:00 PM
From: dgurgel	Read Replies (1) of 10081

GMGC Financial Condition - Current Assets Secondsout & Equity from SI or anyone else on SI or RB, can you help with a guess on the financial positions of GMGC? I am trying to determine the current assets of GMBC as of February 1, 2000. Here are the figures I come up with. Sep 30, 1999 Current Assets $16 million ---------------------------------------------------------- Oct - ?? Cripple Creek Financing $15 million Nov- Dec GM Financing $15 million Dec - Jan GM Revenue (part of deal)$ 5 million Oct - Jan (4 mos) Other Revenue, A Guess $ 5 million Oct - Jan (4 mos) Expenses, A Guess ($22 million) ---------------------------------------------------------- Feb 1, 2000 Est. Current Assets $34 million I put $5 million of the Cripple Creek financing in the Sep 30 position and the remainder after Sep 30. I also have the $6 million Excite equity contribution in the Sep 30 position. Correct? The $34 million is a bit better than the number I had in my head before. I think the burn rate could accelerate to $5 or $6 million, but that would still mean the funds can get them to September. Panic sets in about July 1 if there are no new deals.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next