Joseph...... You da Man!!!!
However, I do seem to remember a line of credit being mentioned as well.
But it doesn't matter as your information suffices to cover the cash burn issue.
As for general investing issues between CR and CK, lubricated with a little CC&Coke, 7&7... etc, let me add my .02 worth.
You either believe Y2K will be a problem or you don't. Those who believe are investing in what they feel are growth oriented, but defensive sectors with the greatest likelihood of earnings growth.
Good quality Y2K stocks (those with bodies doing actual remediation and systems modernization) are preferable to the tool providers and general consultants (DDIM). KEA was voted the best performing stock for the past 10 years for a damn good reason and they will still be going strong past 2000 trying to fix their clients mess.
TAVA will also be enjoying the same status as they grow, both in size and prestige in sorting out IIT systems for clients manufacturing operations.
While some wish to lump TAVA in with ZITL, DDIM, or heaven forbid, TPII <vbg>, TAVA is essentially a junior version of KEA that is having to grow up fast to deal with what appears to be an overwhelming interest in their services. And 2-3 engagements per week seems fairly significant to me, especially if the $9 future revenue for every $1 dollar in assesment revenue potential is factored into the equation.
AND the fact that TAVA is dealing with Fortune 100 companies and not the small fry tells me they are strategically positioning themselves to be the premiere IIT engineering consulting company past 2000.
For those who don't like to be overly positioned in Y2K stock, might I suggest precious metals or merely cash?? You can't lose money either way since if the economy continues to boom with no Y2K shock, there will still be an industial need for gold.
However, if the world loses faith in the financial systems I think we know what gov'ts do to banks. They put them on vacation.
As for Big Cap stocks?? Why do you think they are hiring all of these Y2K firms in the first place and telling everyone to keep it quiet?? Why does KEA have close or over 500 clients?? (TAVA has 60 and a fraction of the size of KEA at this time).
Just my humble perspective on what I consider to be wise investing.
Thanks for the platform Joseph.
Regards,
Ron
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