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.

Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (13353)	7/23/1999 2:22:00 PM
From: Rich Wolf	Read Replies (1) \| Respond to of 27311

Zeev, the 10k said they needed $25M for the fiscal year, and figuring roughly half of that being equipment left the other half as $1M/mo. I knew their current 'burn' has been $3M/mo and posted too quickly without following through. For the time being, I assume they still need $3M/mo, but once they are in production I believe the revenue generated from sales more than covers their cash needs. So the additional monthly requirements for capital for operations (i.e., other than equipment), averaged over the next year, will be lower than the cash burn of $3M, and that is what I meant to say. My apologies.