ann out : termination of funding, page-43

"Unless you really think running a business like this is just a roll out of bed and make all the stock holders happy in one day with a great sp so you can have some quick lovely profit."

In one day? That doesn't even come close to an even handed assessment of shareholder concerns. Stemming the cash burn has been a long time coming, and there still doesn't seem to be a clear path, all is contingent on deals we know little about.

Continuing to run a company like this, requesting handout after handout from shareholders (or sophisticated investors, at expense of existing holders) without delivering is a company breaker. Pb knows this, shareholders know this. Fingers in too many pies, perhaps this latest ann hints at a reversal of this trend.

Over promise, under deliver, a sure fire way to get on the wrong side of shareholders. Maybe it was outside of Pb's control, but he took that gamble, and must now face the consequences.