Where is cpst cash gone? "Liquidity and Capital Resources. Our cash requirements depend on many factors, including the execution of our plan. We expect to continue to devote substantial capital resources to running our business and creating the strategic changes summarized herein. Our planned capital expenditures for the year ending March 31, 2014 include approximately $2.0 million for plant and equipment costs related to manufacturing and operations. We have invested our cash in institutional funds that invest in high quality, short-term money market instruments to provide liquidity for operations and for capital preservation.
Our cash and cash equivalent balances decreased $17.2 million during the first quarter of Fiscal 2014, compared to a decrease of $4.8 million during the first quarter of Fiscal 2013." That makes cpst cash bleed rate of $69 million dollars per year, and cpst bankruptcy due in December 2013
You can't go bankrupt if you don't have debt exceeding assets. Capstone is virtually debt free and the cash in November will increase more than any other quarter due to detained revenue added from quarter one but you already know that, right?
You can't go bankrupt if you don't have debt exceeding assets." Cpst owes Wells-Fargo $13 million and with "assets" of $3.4 million can walk away from paying WF anything by going bankrupt. In which case WF would own everything of cpst molds and dies. No wonder cpst 'good performance' awards have doubled in preparation of Chapter 11.
"Capstone is virtually debt free" Virtually in your virtuality. Otherwise cpst does not own anything tangible that is not pawned to Wells-Fargo lock stock and barrel, including patents expiring in two years.