Ann: Launch of GoConnect Jam Factory Free WiFi Ma, page-29

re: Ann: Launch of GoConnect Jam Factory Free... JEfferies,

whilst thats true (the funny richard li bit :)) they only had a total drawdown of 2.1-2.2mil? Im too lazy to actually look it up.

At 185k/month, assuming they want to keep cash on hand, they would only have enough funding using the drawdown until september anyway.

I know this uses a lot of assumptions (same cost/month, not using cash on hand first) but I feel its probably give or take a month, given they said no cap raising until atleast Q4, (october) I think this analysis is pretty much spot on.

As october they would be starting to use cash on hand and without revenue, need to cap raise badly.

All IMHO ofcourse.