Spare me. They unwisely bought a lot of inventory in 2006 and 2007, which is why their CF was negative. They also bought a lot of stock and paid for options vesting. Most of this cash is still on their books in the form of inventory, but also at last close they had some $7M in cash and so much inventory that they don't actually need to buy any for a long time. Hopefully the next mgt team has the ability to exploit this. If not, I volunteer.
Yeah, they don't need to buy any because they are not selling any.
And they don't have $7MM in cash, it's about $5MM and going fast. The inventory has disappeared fast too. Certainly not for sales, sales have plummeted 8 quarters in a row and continues. There is NO good news about this company. BT milked it dry to the bone.