Okay here is my feelings.
Revenue year ending 2006 $5.7 mill
Year ending 2007 $3.0 mill
Net profit/loss
Year ending 2006 $1.5 mill [Loss]
Year ending 2007 $2.0 mill [Loss]
Cash and Receivables 2006 $7.0 mill
2007 $5.0 mill
Reduction in receivables because of less turnover.
Burn rate will force them into fund raising sooner rather than later.Further dilution occurring.
bottom line is..., page-3
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