Re: they still have > 100M cash --- enough to feed 40 lawyers and a handful of support engineers they have left in RMBS HQ for quite a few years.
Last Year's Expenses (Before the legal fees started to Jump) Take out the amortization and Acquisition charges and you still get burn rate that wipes them out in about 9 months.
Operating expenses:
Product development.............. 40,624,372
Sales, general and
administrative.................. 125,092,489
Amortization of intangibles...... 171,335,587
Acquisition and related charges.. 123,998,126
Impairment and other charges..... 29,482,606
-------------
Total operating expenses....... 492,855,514 |
