msb certainly down over the rolling year, but up 17% since I bought. rgs were also quickly burning cash until reducing costs in 2015....except kicking SHers with appalling exec performance bonuses...
My numbers may be off, but it looks like even with kitty + loan + income cash runs out end of year w/o further cash. rgs 552/QTR income is not covering 1,993/QTR payments....burn = 1,441/QTR.
End QTR: 31 March 2016
Cash at beginning of QTR:3,407
Cash at end QTR:1,967
Net decrease in cash held:1,440 (includes 531 + 21 income)
Net QTR Op cash flows: (-) 1,441
Cash position
Cash at 31 Mar: 1, 967
Loan: 2,000
TOTAL: 3,967
Burn rate: 1,440/QTR
3,967/1,440 = 2.8 QTR
If you exclude income from statement and add to cash position, burn = 1,993/QTR:
Cash at 31 MAR: 1, 967
Loan: 2,000
Cash over 3 QTR: 1,650 (3 x 550 est)
TOTAL: 5,617
Burn rate:1,993/QTR
5,617/1,993 =......2.8 QTR
Unless I missed something, kitty empty Dec 16 & future tax refund off to creditor. Coy needs deal w/ large cash input, cap raise or another loan by then.
Agree recent SP rise & holding pattern anticipating a Japan deal. Top ups near bottom very happy, Q314 cap raise subscribers at -40%...less happy. Loan was definitely best way w/o deal. w/o doing something kitty would have emptied early Aug. With cash burn 1440, $2 mil provides another 1.4 QTR operating capital. Bringing in receipts is a real positive, but to paraphrase another rgs poster ...you dont keep spending 1,993 to make 550 very long......unless you have deep pockets. Which rgs do not at this point.
I do think rgs will get a deal up, & with good cash input & partnering rgs & SP should be set to really advance. Time & good options are short without "what seems to be a real deal ready to come to fruition"....bearing fruit.
RGS Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
