I think even you would have to admit that at their present cash burn rate they still can last for several years. Furthermore Torotrak are in the fortunate position whereby all the essential work is done - they have good working prototypes and they hold the essential patents. They wouldn't like to say this, but we all know, that they have the option to drastically reduce the company's activities (and therefore cash burn rate) if it looks as if income is still some way off. In fact since the ball is already rolling (three Tier 1's are now working on IVT) they could possibly afford to risk doing absolutely bugger all for the next few years and still ultimately be successful. It could be said that the only reason the new CEO has got to do anything regards trying to 'sell' IVT is to keep the shareholders happy.
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