coretrack - a remarkable story, page-16

I've been tossing up whether its worth the risk, and here's how I see it...

Cash at the start of the quarter was $3.7M
Cash burn per quarter over the past year has ranged from $0.5M to $1.2M, with last quarter's $3.6M being the clear outlier.

With the $500k revenue set to be booked this quarter for the Telfer services, there's a chance that CKK will have a few million in the bank going into next quarter.

The GT3000 is useless to anyone while the matter is in the courts, and who knows how long that could drag on for. In the mean time, the only positive news I can see coming forth is from the auctioning off of assets later in the month.

If going into next quarter they have the cash balance (~$3M) to survive the rest of the year while the court orders are set, then I believe the stock could put in a sympathy bounce. A major contributor to whether this is the case or not will be the result of that auction, so hang tight until then in my opinion.

I can't say how sorry I am to shareholders who have had to put up with this stock over the past year. I wouldn't wish it upon anyone.