Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Nicole Miller - Piper Jaffray
Nicole Miller - Piper Jaffray
Hassan, with the change in the case sales again, you can probably appreciate what I’m going to be asking for, but can we have this equivalent to this 495,000 for the all four quarters of 2007, we need that for modeling.
Hassan Natha
Sure, I will do that for you.
Nicole Miller - Piper Jaffray
Do you have purchase commitments related to the stadium deals and if so how does that impact the cash position going forward?
Hassan Natha
In our commitments, we do have the deals commitments related to both the Seahawks and the New Jersey Nets, and all of those deals are over a number of years under the terms of both contracts, the Seahawks and also the New Jersey Nets and so we do have those commitments in place and they are reflected, when we file our 10-Q next week, those commitments will be reflected in that 10-Q as well.
Nicole Miller - Piper Jaffray
You’ll draw down but you’re saying minimally so, the cash position in the short-term because it’s over an extended period or is it a big chunk up front?
Hassan Natha
The commitments we have are over a number of years but in terms of our cash position, at the end of March our cash position was $22.7 million, what we expect is that in quarter two and quarter three we will, as we build up inventory and we see a build up of receivables as part of the seasonal build up the beverage industry, the cycle that we go through, we will see cash position continue to draw down in the second quarter and in the third quarter and we see our cash position build back up again by the fourth quarter.
Nicole Miller - Piper Jaffray
And can we just reconcile this last comment about the $30 million that was raised a couple of years ago, I think some of that was also supposed to be for slotting and maybe you’re just not having to pay the slotting but can you help reconcile I guess a bigger picture question about, it looks like its almost going back to being like a push-pull model and with the investment its like you’re having to make the push and its not being pulled by consumers are you having more CSD sales, I don’t know, where’s the breakeven or how are you measuring returns?
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