The only reason cash burn is thought to be decreasing in the next quarter is because of pressure from a large shareholder (now on the board). Otherwise they would still be spending like a man with no arms. Will they use reduced cash burn as an excuse for delayed financial performance? I'm still amazed at how a company spends $4.5m a quarter with less than 50 employees (as at end of last quarter). The average salary works out to more than what the CEO is earning![]()
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