"How close to the edge are they?"
According to the CEO, cash will be OK through December at least. A deal, any deal, will bring some up-front cash payments that will alleviate the problem immediately. As I've said before on this board, my best guess is before the end of September. Unfortunately, like Murphy, my estimates have been wrong before, so use your own judgment.
Two things that lend a bit more credibility to prognostications that, finally, a deal, or deals, will get done, is the hiring of Paine Webber and the Board's refusal to let management dilute again. This is turning into a nail biter though.
Bob |
