Ann: Jayride explores significant technology improvements, page-2

lol this isn't a technology problem. Unless these consultants they're splashing money on can invent a money printing machine, their primary problem in "payment processing" is that they don't have any money and they're stiffing suppliers?

Remember those 2 4Cs where they posted fairly reasonable numbers (like 188K down, 28K up)? Well, the way they did this was letting their "trade payables" balloon by $1.8M in 6 months. So they're already innovating, but unfortunately, they're innovating at a level that means that most of their suppliers are writing angry reviews and not working with them any more.

This raise is a fiasco. It will clear up close to $3M on the balance sheet (by getting rid of $1.5M of convertible notes and raising $1.5M, although some of the raise is going to costs) but they're around $7M in the hole before, so they're going to still have working capital of about -$4M. It's really not clear to me how this company is a going concern.