looks in trouble, page-22

I wonder how sick the company is....

$24 m in debt
of that..
$14 m in short term debt
$10 m is long term

I think the company is going to have to get another another $14m at least

the company is losing $2 million a quarter

It has $4 million in cash

the company has about $54 m in assets ie building and intangibles such as patents

most of the contracts appear to be for the wireless broadband

they have contracts with
China netcom and china unicom but we don't know what they are worth

there is a $40 m contract with Bharat Sanchar Nigeri (ITI ltd)

as far as laser tv is concerned there are supposed to be contracts with the companies that make the light engines used by samsung, Mitsubishi, sony

but we have absolutely no idea what they are worth.

nothing said about the ZTE international and laser displays on cellphones

what do you think?

will they survive.

Does this company have enough money to keep going?

It needs $14 million

perhaps they will have to do another capital raising