actually, i think its toast
no cornell drawdown = no cash = big problem
suspect the new management have dropped the ball big time
also, EzyDVD was due to launch no later than 3 months from signing in September - where is that at?
Are they saying that negotiating the agreement meant that no work was done on launch - wasnt the preliminary agreement binding? (as we were lead to believe?)
I heard on the street that the new CEO was cocky about raising cash, then it all fell over, and he (out of overconfidence/arrogance) - forgot to do a Cornell drawdown
Ugly - suspect we have all lost out
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