Pounce Technologies Inc. V.POI.H

RE:Opinions about numbers

[lscfa]

Squeaking by....working capital at July 31 was negative $632,507....negative $41,501 if you exclude the contingent consideration that is owed to Ted Mann as an earn-out which he will take in shares....

They received $90,000 from a 2nd tranche of the debenture issue after the quarter ended.....debenture not due until Dec 31, 2017 and its convertible...

The question is why did the co. only seek $1,000,000 of debenture financing when cash was so tight? Are they expecting revenue to ramp up next quarter to the cover costs?

Wallcrawler wrote: Are they going bankrupt? Lol cost cutting and losses at 7 cents a share. Did i miss something here. Revenue of 1.7 million and 11 million in costs for 9 months. This is going down the toilet.