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Madasafish - Thu, 29 Dec 05 :

"As for the "intangible assets" comment I think someone needs to go on an accounting course-ever heard of a non-cash item"


"The company is basically burning no more than £250k per month"

Only £3M per year. That's all right then:-) Lets see how much cash it has then... hmm not a lot.. and when it leases its last asset about £3M or so...


As a qualified accountant and an ex FD I know nothing about accounting for intangibles of course..and even less about cashflows...





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