resultsWell, the results were pretty bad, in my opinion.
Now we need to raise some capital.... definitely not ideal.
My question is, a few weeks ago we heard about the company selling a plot of land for about $3 million... I thought it would appear in this quarterly results. But for the Third Quarter there is no mention. However, for the 3 months ending Sept 30, there is mention of some land being sold (in late June 2008)... is this the land? I didn't hear about it in the q2 report, so I figured it would be more prominent in the q3 report. Please only answer if you know if you have actually read the q3.... it's near the end...
The company didn't really mention much about the sale, so part of me is questioning if it really happened.
Also, the company says that it will run into a liquidity problem towards the end of q4.... which basically means now, or in a couple of weeks... really bad timing IMO, but hopefully we hear more about it soon, or I will get more worried... at this rate we probably should ask for another 150 million or more to at least see us through next year.