You can't bury this old dog.
Yet another CR on the cards. The half yearly show payroll and professional fees of 400k, so about 200k per qtr. Add a little fat, which management like to, and we could say 250k a qtr.
They have 800k cash at hand end Dec '11 so another 250k off that end March and you're looking at 500 - 550k left. They need a deal and by now you think they would nail one, anyone.
It just reeks again of them not wanting to hand any of these leases over. They want someone to develop the technology for nicks and then give them the flick.
Good luck all , glad I'm out of this one, I hoped this was it and a bright(er) future, alas not.
You can't bury this old dog.Yet another CR on the cards. The...
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