Analyst CoverageBrean Murray, Carret & Co.Ling Wang, CFA212-702-6680Rodman and Renshaw, LLCElemer Piros, Ph.D212-430-1754Where is all the money going? They are burning thru money as if they have an endless supply of paper.....I will be buying today to sell at $1.20Pretty lousy for those who believe this a credible firm with shareholders in mind.Best to try and trade as best as one can when a company blows out the paper as these "boys" have done.Strong buy just to flip as the volume of shares trading hands today seem to be doing hand over fist today.Good trading.
Again, this is nothing new but you make a great point. Six months ago we examined the 10Q out here and everyone was made aware that they were burning through cash at an alarming rate. The current burn is $1.2 - $1.3 million per month. Thats about $850K too high on a monthly basis for a company this size. But then again, what do they care, it's not their money.
dont count on it..