But what they did not say is what the remaining money they have will deliver did they ? Will it reduce the cost of the product, will it make them more efficient ? How exactly will not spending do this ? How many companies have saved their way to success ? I cannot think of one that has, but maybe I am not looking hard enough.
Just maybe we will see a big lift in their sales when their 4C comes out and a plan to reach break even to put an end to the CR madness. I am not holding my breath. Or maybe, a suitor comes along and takes them out of their misery at such a low value. How many quarters will the bigger insto's be willing to wait and settle for small tick ups in sales and small pick ups in GM ? For a while you can play the margin game whilst the SP is so low, but if the fundamentals are not there, then it's just punting the ball down the field then isn't it ?
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