Question-and-Answer Session
Operator
(Operator Instructions) we’ll go first to Laurence Alexander of Jefferies.
Laurence Alexander – Jefferies
Good morning.
John Barpoulis
Hi Laurence.
Laurence Alexander – Jefferies
I guess first you give the historical lumpiness quarter-by-quarter in your business. How many months liquidity are you comfortable with before you start changing your spending plans?
John Barpoulis
Laurence, I think we are constantly looking at our liquidity capabilities resources as well as our expected spending profile I think our expectation in our plan is to always ensure that we have the efficient liquidity for ongoing business. And so that, that clearly our priority I can tell you were specific number of month for arisen I can just tell you that we are ensuring that we’re capably meeting that?
Laurence Alexander – Jefferies
And then how much if you – your back your spending to minimum level that you identified what was that level be on that run rate basis?
John Barpoulis
I think that is indicated I think in our release earlier in the month. We are now in detail discussion with our suppliers looking at the overall spending profile with a view inline when funding could be available from DOE. Do you expected that fund frame changes very much of our functions that our discussion with DOE and their progress in reviewing our application now we would need to began to further – down our spending profile and so I again I wouldn’t give you a dollars threshold but it is something that will a function of the arisen to get to DEO loan guarantee funding.
Laurence Alexander – Jefferies
And then I have the DEO given color on and how sort of delays in schedule effects their perspective of the program or? Are they look at your something request versus other applicants.
John Barpoulis
No I think today has in the course of our various conversations, the discussions have been very constructive they providing us with constructed defect and I would characterized it is a dialogue its in parallel with any other discussions that there maybe having.
Laurence Alexander – Jefferies
Okay thank you.
John Barpoulis
Thank you.
Operator
We will go next to Roger Read of Natixis Bleichroeder.
Roger Reed – Natiexis Bleichroeder
Hey, good morning gentlemen.
John Barpoulis
Good morning Roger.
John Welch
Good morning Roger.
Roger Reed – Natiexis Bleichroeder
I guess kind of following-up on Laurence question there you might not to indicate your optimistic the deal we might have something moving forward I guess late spring I think our road down, because very – I know is there announcement that we could watch or commentary with loss in DOE that would lead us believe that – that is a more or less likely event I think a certainly been much more vocal of loss lets say two months been probably we ahead in the prior 12 months, but I will just wondering if there is any sort of totals or anything we should look for here.
- To read the full transcript on Seeking Alpha, click here »
