Image Processing Systems (IPV-TSE) Message Board

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Gold/Mining/Energy : Image Processing Systems (IPV-TSE)

IPV 4.310

-4.0%

Jan 24 4:00 PM EST

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To: mariner who wrote (499)	11/20/1998 6:49:00 AM
From: John Wright	Read Replies (1) of 658

Mariner, I think you're a bit off on your cash analysis vis a vis more sales. The company already has an "unaudited" order book at $20m. Building it will have negligible impact on the company's cash burn rate. IPV needs to manage their cash in operations spending & SGA. So far under Mr. Graham's leadership they have not been able to do this!!!! The latest q2 balance sheet is a disaster and in my view the beginning of the end. If I was one of their trade customers with a hefty IPV deposit, I think I'd be asking for some of it back. Who, in their right mind, would give IPV more money at this point? Thoughts, opinions, anyone? John

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