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To: Suzanne Newsome who wrote (31186)6/14/1999 9:20:00 AM
From: cicak  Read Replies (1) | Respond to of 44908
 
Hi Suzanne - thank you for being brave enough to at least attempt making projections. Assuming that $ 400,000/mo burn rate is a fair estimate - (it may have to be lowered to our advantage since the company has narrowed its focus) - I agree with your calculations. When I spoke to Paul Henry a few days ago - he mentioned that less than 3,000,000 had been drawn from the PP - but to be conservative - 3,000,000 is a good figure to use for these purposes.

I hope that Bernie takes your figures into account when considering Marty's proposed addendum - as it should give him more confidence in accepting the proposal.

Excellent job Suzanne !!

Regards,

Phil

www3.techstocks.com

www3.techstocks.com