##i bet you Clipsal got onto them.##
I thought you said the Russians were dodgy ?
So why would clipsal deal with them ?
Clipsal manufacture a product that does not compare to the products that SKG offer, and Clipsal don't have the market share that SKG have.
Yes Clipsal are a big company, but they are NOT big in home automation. They are attempting to enter the residential market which is currently too small to sustain profits unless you have the infrastructure.
Cbus does not compare to the latest technology that is employed by SKG.
UNW are not in the same market as SKG, if you think they are you haven't done your homework.
SKG have plenty of cash.
Their cash burn rate is around $900k per quarter
As of 1st of May 2005 they had $1 million in their account.
Add $1 million in revenue for 4th quarter.
Add $350k raised 1st of april
Add $519k raised 8th of June
Add $206k raised 16th of June
Add $960k raised 11th of July
Total = $4.035 million less $900k cash burn = $3.135 million in the bank.
Currently the stock is valued at $9 million and $3 million of that is in cash.
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