RE:Any News on Fundraising?They have revenues coming in each and every day plus they have 1.75 Million left in the bank, they have enough funding for at least another four quarters. They burn about 300-400k per quarter in cash plus they have have to repay 112k per quarter to there term loan, they only have 17 more months of payments left on the loan.
They are in good shape!
We will find out next quarter if there new revenue model and restrcuturing has worked. If revenues are up from the previolus quarter we are good, if revenues are down then we need to worry.
Personally - I think revenues will be flat but they will start increasing in the next 2 to 3 quarters. At that point they will start making profit and debt should be less than 500k. They will start showing a profit and the stock will increase. The company will be back on the map and everyone who bought for less than 10 cents will be laughing when this thing hits 30 cents again.
GLTA IMO.