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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: John Flaherty who wrote (23575)	4/3/1999 5:34:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 44908

John, thanks. Your post reminds me of the biblical story of Abraham, Lot and Sodom, when Abraham asks the almighty to save the city and they bargain how many "good souls" would be required to save the city, well yours and few others on this thread qualified the thread (VBG). Andrew mentioned that there are 41 MM options outstanding, in the last S-8 they mentioned only 17.5 MM, I presume the balance is not related to employee incentive stock options. Is that a correct assumption? If anyone has talked to the company, has someone looked at what the "quarterly burn rate" might be? That is a concern since at least as of the end of December, they had sizeable liabilities and their ongoing burn rate was already at $4 MM per quarter. The burning question Andrew asked is how long before they turn positive cash flow and what interim financing might be in place. My back of the envelop calculations indicates that most of the $2 MM in the floorless was drawn on in the fourth quarter, and since there are some $6 Mm in accrued expenses that are relatively urgent, I would guess that new money of about $10 to $11 MM may be required (pay off those liabilities and pay for burn rate of the first quarter). Last, it would be useful to know what gross margins Signature is allowing on their $30 MM order. If you have any answers or place where I can find these, I would appreciate it. Zeev