I actually didn't think the cash burn was that bad. Probably will be a CR in the next 6-9 months but it has a good chance of being on better terms than we are currently. Next quarter looks OK with the R+D rebate coming in, could even be potentially flow positive but that will depend on revenue growth vs increased expenditure as they roll out their pipeline.
The selling just seems overdone to me. Also, I still am confused by/suspicious of Wilson dumping from their 15c raise. They didn't even try to pump and dump it..
SKF Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held