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Braintech Inc. > Message
Generic_profile

Bottom Line...

Posted by: nottooshabby on May 12, 2008 08:18AM

"50 employees by year end" as per their website.....

to me that means a minimum burn rate of $4.8M per year. Without the ABB extension we are toast.

New associations or new products mean nothing. This company is burning cash...which in all fairness to the new CEO, he stated that the money will be spent on getting this company going is his address.

I am rolling the dice and buying more. I am in this deep and I really don't think we will see this kind of pricing for long.



Cheers

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