SCOX TTL < 7 months?
Message ID: 203313
Posted By: walterbyrd
Posted On: 2004-11-06 17:54:00
Subject: Scox TTL < 7 months?
Recs: 5
TTL = Time to live.
If scox cash is about $9MM. And scox is paying BSF $2MM per quarter. Figure scox will lose another $2M per quarter in ordinary business losses per quarter. That's a burn rate rate of about $1.3MM per month. About 7 months until bankruptcy.
Acturally, that makes a lot of sense. Scox will not have to admit to their real cash crunch until mid-March. I think that is when scox will officially begin to pack it in. Close their business offices, that sort of thing. After March, the next CC will be June, but I don't scox will make it. I expect bankruptcy will be filed in May.
Helluva run. Better than most expected when the scam started.
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Posted By: walterbyrd
Posted On: 2004-11-06 17:54:00
Subject: Scox TTL < 7 months?
Recs: 5
TTL = Time to live.
If scox cash is about $9MM. And scox is paying BSF $2MM per quarter. Figure scox will lose another $2M per quarter in ordinary business losses per quarter. That's a burn rate rate of about $1.3MM per month. About 7 months until bankruptcy.
Acturally, that makes a lot of sense. Scox will not have to admit to their real cash crunch until mid-March. I think that is when scox will officially begin to pack it in. Close their business offices, that sort of thing. After March, the next CC will be June, but I don't scox will make it. I expect bankruptcy will be filed in May.
Helluva run. Better than most expected when the scam started.
------------------------------------------------------------
The text of this Yahoo Message Board post has been licensed for
copying and distribution by the Yahoo Message Board user "walterbyrd"
under the following license:
License: CC Attribution-NonCommercial-ShareAlike v2.0
------------------------------------------------------------