RE:RE:ER Proves Cash & Time is Running Out9mil left with a 5mil/qtr burn rate...selling more assets, layoffs, more paycuts or dilution are the only things that can prolong their death spiral.
Joe455 wrote: steveM45 wrote: everything is now up to Mikra to save them as they cannot raise funds, or even cash their paychecks received in the form of options and free shares.
Given that every one of their business venture has failed to-date, getting into a whole new industry with zero experience gives them about a 0 - 1% chance of surviving beyond this year.
This is why they had to switch stock promotion companies as the last one was not working out. Maybe these new guys can pump better.
Don't they have 10 million in cash?