Scientific Learning Corp (NASDAQ:SCIL)
The Company develops and distributes the Fast ForWord family of software.
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Who am I to argue with LuvB2b?
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Company just said in the press release they have 16-17 million in cash. That compares to 5m in cash and 9m in receivables at the end of Q2. Take into account a 2.5m payment of debt, a 2.5 burn rate on operating expenses, and probably about 3-4m in profits, you still can't explain where all this cash on the balance sheet is coming from. I am sure they didn't convert all the receivables to cash, and from the prior report I also know they don't count receivables as cash and equivalents. Only reasonable explanation is noticeably higher sales coming soon.
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Their product works and there is plenty of market left to conquer. only way to go is up...eventually
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B PROFX - earnings!
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