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CombiMatrix Corporation Message Board

  • activewatcher activewatcher Nov 21, 2013 12:31 PM Flag

    from 10Q, terrible cash outflow. close its door soon

    Nine Months Ended
    September 30,
    2013 2012 Change
    Net cash provided by (used in):
    Operating activities $ (4,099 ) $ (4,567 ) $ 468
    Investing activities (288 ) (20 ) (268 )
    Financing activities 6,022 (89 ) 6,111
    Increase (decrease) in cash and cash equivalents $ 1,635 $ (4,676 ) $ 6,311

    Cash at hand is less than 9 months at current burning rate. Financing in last 9 months is nearly 50% of the market cap. How this baby is spiraling downward. I can even set up a DNA testing lab operating at higher efficiency. CBMX will be competed out without a question.

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CBMX
2.29-0.03(-1.29%)Jul 11 4:00 PMEDT

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