RE:RE:STILL WAITING
russter wrote: NO SALES EQUALS BANKRUPTCY = flucked bag holders, rich execs.
No - they won't file for bankruptcy - but only because they have not used debt to finance their circus. Had they used actual bond issue or debt financing - creditors with actual business accumen would have shut this fiasco down long long ago. The only reason this "company" continues to exist - is because they have consumed equity capital (from the many investors they have duped) - to finance their keystone-cops operation with a cash-burn-rate of almost $1Million / month. Even after they run out of "other people's money" (which is inevitable since they do not have a functional, reliable, or sellable product), even then they will not be forced to declare "bankruptcy," since instead they will simply leave all of the suckers who pumped their hard-earned money into this pig -- will be left holding an empty bag.