Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: HotShot1 who wrote (4194)	7/19/1999 7:22:00 PM
From: Edward W. Richmond	Read Replies (1) \| Respond to of 8117

HotShot1, yes, the annual report figure is a bit out of date. The cash positions excluding marketable securities are as follows. September 30, 1998 - $1.11M Q1 1999 - don't have it on file Q2 1999 - $2.0M If you review the posts on this thread, you will find that Jack Wrayfield did an analysis of how long the company could operate with the given cash position and the current burn rate. If memory serves me correctly, Michael Jacobs pointed out that Jack's calculations were fine except that he used the capital burned for a six month period rather than per quarter so the actual operating time for the current capital was double what Jack projected. It seemed to me that the company could operate for a little over two years without an infusion of capital or revenue growth. In summary, I don't see a cash crunch coming. Regards, Ed