I re-checked cash flow and the restructuring charge. The number I used I picked up too quickly trying to post the good news. Inadvertently picked-up cumulative for for the first three quarters so the computation of cash burn was approx 5.8M. Thanks for your input. This is a significant improvement and with the cash they have they have no cash burn problem especially with the reading between the lines of the subtle predictions from the CC going forward.
Put down your pom-poms for a minute. It is important that we have credible info not just the positive. I don't expect any of my investments to always yield positive results all the time. The market has always been cyclical. As for your cash burn analysis - any cash burn is a problem for them right now especially since they still do not have a handle on sales. You and I are going to be at each other alot on this board If you're only interested in discussing the positive. I will be posting the good and the bad and ajust my strategy accordingly. I welcome opposing views. Try to keep the language clean and the comments about ETS not the poster.
Computation? I show positive if those extraordinary cost taken out. Most important is they are very close to breakeven and things are only going to get better! Given their cash position and no debt ETS should go back to $2.00 very soon and than up from there.