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Message: RE: Ease - reviewing last Qtrs. burn rate
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RE: Ease - reviewing last Qtrs. burn rate

posted on Apr 18, 2006 11:05AM
*Opinion disclaimers

Badger,

$6 million ($1.5/quarter) of that burn rate was interest payments on the debentures. Now the elimination of the debentures should remove that liability (and be reflected in the 10Q, but the cost to buy the debt from Swartz/Lincoln should also be reflected in the 10Q).*

BTW does anyone believe that Swartz/Lincoln did not sell during the drop? I saw a lot of blame pointed at the MM`s, but none pointed at our old friends/nemeses.*

*Opinion disclaimers

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