Submitted by Anonymous on Wed, 09/29/2010 - 11:34.
Considering their quarterly losses and almost non-existent revenue(what they do make pales in comparison to what they spend)...this will give them ~3-4 months until they have to raise more/tap into it again...doesn't at all sound good for them.
Somehow, they are going to have to go from losing $11m quarterly to generating enough revenue (>$11m per quarter) to cover their high burn rate within the year. I suspect that if that doesn't happen, the investors will get tired of the promises and lack of real progress and pull the plug. But then again, MV is masterful in convincing people to invest in a losing prospect.
Not a good sign this soon
Considering their quarterly losses and almost non-existent revenue(what they do make pales in comparison to what they spend)...this will give them ~3-4 months until they have to raise more/tap into it again...doesn't at all sound good for them.
Somehow, they are going to have to go from losing $11m quarterly to generating enough revenue (>$11m per quarter) to cover their high burn rate within the year. I suspect that if that doesn't happen, the investors will get tired of the promises and lack of real progress and pull the plug. But then again, MV is masterful in convincing people to invest in a losing prospect.
They still got $48 million they can raise from Azimuth...
According to the deal with Azimuth, MV can raise $48 more...
So that gives them one extra quarter
You're right, I am off by one quarter. They have ~5 quarters to be up and running with the revenue coming in really high to make it.