Mak, I share your overall concerns, but my direct concern is that if cash burn continues at about $2 million per quarter and expected 1H14 revenues fail to materialize, then by mid-year the coy may fail to meet the "going concern" test which generally requires that a coy can show it has assets sufficient to continue operations for no less than 12 months.
No problem now, but in six to nine months? I think the market is factoring in this prospect. If I were management, I would be working very hard to book a deal with up front money - and soon.
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