Posted On: 08/28/2014 12:45:23 PM
Post# of 7769
How about cash burn?? Can we get some love on this??
SCRC continues to be deceptive in how it reports cash burn. It is now stating it only needs $135k/mo. Without even considering the cash needed to pay commissions and selling costs, and without considering Other Expenses, even if we just look at G&A expenses (and we even back out the $440k in options expenses that Bob awarded himself and Jeff), SCRC ran a $817k rate for Q2. Divide by 3 and we get $272k/mo worth of true cash-based expenses. As I’ve stated previously, just because a vendor was willing to take discounted stock as payment, this does not decrease the cash needs of the company.
SCRC continues to be deceptive in how it reports cash burn. It is now stating it only needs $135k/mo. Without even considering the cash needed to pay commissions and selling costs, and without considering Other Expenses, even if we just look at G&A expenses (and we even back out the $440k in options expenses that Bob awarded himself and Jeff), SCRC ran a $817k rate for Q2. Divide by 3 and we get $272k/mo worth of true cash-based expenses. As I’ve stated previously, just because a vendor was willing to take discounted stock as payment, this does not decrease the cash needs of the company.
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