Every company needs cash, that goes without saying. I've read everything I could find on Transdimension, Mr. Goerner's former employeer. I certainly didn't get the impression that he had mountains of cash to work with. The company that acquired them, Oxford Semi, only had revenues of approximately $29 million. They have since been purchased by PLX. That being the case, I highly doubt Transdimension was flush with cash. My point is simple, the man has seen both sides of the coin. His time at TI provided him with an environment that didn't wake up the mornings worrying about capital. Conversly, his time at Transdimension sounds like the kind of start-up environment where capital concerns were always part of the equation. I'm not saying Transdimension was broke, merely emphasizing that greater restraint and prudent decisions were probably necessary much like Patriots current position.

I can't fret over the MMP issue anymore. I'm so far under water that taking any losses at this point would be futile. I've now shifted my hopes towards the future, however long that takes. I don't think the question asked during the CC concerning their ability to fund operations was all that impressive or necessary. The question basically asked those men if they were dumb asses. That's like someone going into the grocery store making their purchases and just as they lay down their groceries, the clerk says, "Are you going to be able to pay for that?" When talking about the $13 million spent, keep in mind that capital appears to have purchased a large piece of the puzzle that Mr. Goerner is putting together. You've got to start somewhere and the money spent was placed in several different areas. It's no guarantee of success, but you've got to pay to play.

Here is some old information on the acquisition of Oxford Semi last year.

http://www.plxtech.com/about/news/pr...