tobes.....have you looked at the cash holdings of other tech...

tobes.....have you looked at the cash holdings of other tech start up?? most of them are ticking along with just a few mill in the bank IF they are lucky. Secondly 1PG recently announced that they would be INCREASING their cash burn to about 2 mill a month. That is pretty high for a tech start up but not off the planet. A company like VPC is trying to keep cash burn to 400k/month.

anyway 2 mill x 12 = 24 mill cash burn per YEAR.

Therefore 48 mill gives them 2 years of cash assuming that they do not earn one single red cent from their customers......so obviously they have longer than 2 years if they start to bring some serious money in.