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Non-Tech : Ashton Technology (ASTN)
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To: Candle stick who wrote (3896)7/10/2001 2:22:59 AM
From: mmmary  Read Replies (2) of 4443
 
Payment for volume is 2 months delayed

If they were profitable this second, they'd still be out of business in two months without new funding. $1M/mo conserative burn, Fred said $1.1 to $1.3/mo without eMC. They have funds for two months based on March 31 COH. Remember, they still even have to turn over more shares to Glen Rose Capital.

I think the PR bit today about 70M revenue was just grasping for straws in the ocean. I had someone call up and ask about that bit and they guy said, "if you add up all the shares for all the symbols we can trade, you get 70M." If I add up all the money in the world, doesn't mean someone's just gonna hand it over. They make it sound like they did that in July and we're only a week into July. This seems very misleading to me.

"the eVWAP system's liquidity has increased from a 20-day moving average of 100,000 shares per day in January to 70 million shares per day in July"

biz.yahoo.com
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