Well, I along with many others stand to lose a huge sum of money. At the last qtr, there were about 7 months of qtrs left in the kitty, assuming the current low cash burn. BB seemed cautiously upbeat in the wording of the last few announcements in my view. He stands to lose a truck load himself so I am sure he is doing everything possible to save the sinking ship. What's interesting is that a new CFO had just been appointed. From the financial reports, they need to come up with 334K by October this year. The larger debt is not until next year. This is nothing untoward, and I'm surprised the announcement was called. Revenue has obviously taken a huge hit. Fingers crossed. It aint over till it's over.
IMS Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
