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Non-Tech : Enamelon (ENML) - Does anyone follow this? -- Ignore unavailable to you. Want to Upgrade?


To: Harpo who wrote (806)5/10/1999 2:58:00 PM
From: Q.  Respond to of 863
 
earnings report: they burned tons of cash and working capital in the March quarter:

Working capital is down to $5.4 M at the end of March. It was $13.4 M at the end of December. So they chewed up $8 M in the quarter. That's their burn rate.

They have $8 M of cash left, so they will be running on fumes by the end of June, unless they close another financing deal soon.

biz.yahoo.com




To: Harpo who wrote (806)5/10/1999 2:59:00 PM
From: Q.  Read Replies (1) | Respond to of 863
 
conference call replay: 800-633-8284 #12320307, good for another 24 hours.