In the previous commentary, on August 24 2006, Jack Uldrich has pinpoint:
"The company only has about $14 million in cash on hand, and with a current burn rate of slightly more than $1 million a month, Gotcher must begin delivering within the next year." [bold ours]
"(...) the company had raised an additional $23 million by offering 9.3 million shares at $2.70 apiece. This news, too, can be read a couple of different ways.
It might be good news to some, because it suggests that the company is on schedule to begin mass-producing its latest nanotechnology-related product -- its lithium-ion battery technology -- and needs money to ramp up for that purpose. For others, it could easily be viewed as the latest in a long line of management's attempts to bilk unsuspecting investors with the promise of a breakthrough technology.
Where do I land? Count me in the skeptical camp (...). Altair has been promising results for five years now, with nothing to show for it. Furthermore, for a company with paltry revenue, its stock -- even in its newly diluted state -- remains ridiculously expensive." [bold ours]
Disclaimer: I own shares of Altair.
