quarterly

Cashburn of $695k for the quarter in normal business operations. Cash held at the end of December was $2m.

With no buyback they have 9 months worth of cash left. Assuming that money is spent on the buyback then there is just over 6 months worth of cash at the current burn rate.

Their problem still is one of REVENUE. The business needs a whole lot more revenue just to break even. They really do need to get their revenue numbers up before the share price has any reason to start to move upwards.

At this rate there will be more selling of KSX soon.

I just cant see any logic in doing a buyback when they have so little in the way of cash cover with a high burn rate of about $700k per quarter.