Skaterdude

A Look at Four Polysilicon-Based PV Manufacturers' Funding

I've been "lurking" through these posts and finally had to comment. The postings here got me to actually read the SEC filings (2007 year-end) for SOL and SOLF. (I know SOL is not one of the companies mentioned in this article, but it's pretty much in the same boat.)
One of the things I wanted to see was the "growing operating cash losses" mentioned at the start of this article. I don't see them. I expected to see some odd accounting charges, outright negative net income, etc., but it's not there. Yes, I agree that these companies have heavy capital needs due to the situation with advances to suppliers. That's only a serious problem if the suppliers go under and the advances cannot be recovered. The other risks seem to me to be the same risks any growing technology company assumes (as someone else already mentioned). With committed contracts and prices on both sides, it would seem like neither the upside nor the downside is significant in the near term (2 years).
So ... could you walk us through your numbers and show how you come up with the operating cash losses?

Thanks