Ann: Beam Quarterly Report - Further Growth in Cash Position, page-87

Yes but let's break things down:
1. They sell the Zoleo hardware for no profit and maybe at a loss from what I can gather.
2. We get a very small share of US subs of which we aren't even sure how well shipped units are selling off shelves and then how may pay subs.
3. Lackluster sales in Aus with no mention at all of units let alone subs.
4. I did not see the product in my Aus Post anywhere the other day.
5. No talk of Asia and Europe really plus how will this be funded?

I don't know if this is all roses, the product has some use but how many people will really buy it and use it? I am not sure the addressable market is there to get this going and despite what people say it is a matter of time until mobile phones have the same global coverage built in.

Blame me for all the share price drop all you like but this is the objective view I feel, I welcome rebuttals and I welcome the company to release an update to the contrary also.