The way I calculate it, this company is out of cash.
1)Approxiamtely 1.5 million in cash as of January 1,1998. 2)Approxiamtely $750,000 loss per quarter average. 3)Company warning of very poor to no sales in Q1/98. 4)Approximately $225,000 per month burn rate. 5)At least $425,000 loss in April.
It's my opinion there is only $250,000 in the bank. I hope more moeny comes in or at least they can still tap in to the 2.5 million dollars loan they reported on getting.