QXL

gman

still dont get it do you ?

end of Q3 they dont have 22mill. They would have burnt around 4 to 5 mill. so they have 17 to 18 mill.

so over the next 4 quarters, even if they burn a lowly £4mill a quarter you burn away £16m. So in 12 months you left with 2 mill to zero cash.

hence by end of 2003 you are left with little or no working capital. GET IT NOW Guitarman ?

his figures are laughable to say the least. To make up figures in order to match his positive creteria (and to respond to my post) is amateaurish. Being realistic is the key point not uptopic which bob is sticking to.

as for EPS, read his post - he uses REVENUE not NET PROFT.