As far as I can tell from the end December accounts they released, they are spending $1.1m per qtr and getting sales of $26K per qtr. Is my reading of that correct? If so it means that in order to get to break even they need to sign a deal which will increase their sales by over 4000%. Do you have reason to believe a deal on that scale is about to be announced? I mean, have you seen the product? It is not going to be an easy thing to sell.
IWG Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held