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AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

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Message: website/cash burn

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Re: website/cash burn

in response to website/cash burn by nps
posted on Jun 09, 09 09:33AM

The quarterly reports, etc., can be found under the "Stock Quotes" button, under "Filings". I wouldn't waste the time right now trying to figure out the burn rate. Unless Dr. Moro actually did receive some significant placements recently, he's essentialy out of cash.

As long as Smithline doesn't declare the loan in default, Dr. Moro could conceivably keep BOCX financially viable for awhile. He would have to put all work on hold and essentially close the doors to the office, but expenses could be minimized such that he wouldn't have to declare bankruptcy. Unfortunately, I suspect that BOCX owes money for office rent, utilities, etc., in which case those creditors could force a bankruptcy.

I used to work for a small startup company that managed to stay afloat for well over a year (maybe even longer) after all the employees were gone and the office closed. The CEO had just enough money left to keep the shell going and was hoping to sell some of the intellectual property.



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