>Last time I saw,they only had 10 million in cash."
Latest 10Q now says $8,396,000 at end of period as opposed(sp) to
beginning of period $10,096,000.
As far as I can see that $2,000,000 went to BD for a license fee.
As far as I can see that $2,000,000 is now in the intangible assets
line which is now $6,932,000 as opposed to $4,854,000 at beginning
of period. I am not an accountant, but I think from my arithmatic that that $2,000,000 is being amortised off over 10 years. Less than .01 per share per year. A fixed part of the $1.9 mil number that was mentioned in earlier posts. The royalties are a variable cost. |
