based on historical cash burn, this is not going to last long unless revenue emerges, particularly as it seems they are increasing costs in all markets. pencil in June next year for the possibility of another raise. Maybe by then they might consider an entitlement issue to all shareholders, particularly as they are raising money below IPO price. Huge escrow wave is still an issue here. I hope they get traction sooner rather than later with the product as i keep seeing more and more offerings in this space and not just the likes of CVT,
IWG Price at posting:
17.0¢ Sentiment: Hold Disclosure: Not Held
