RE:RE:RE:RE:RE:Debt FreeShouldn't need a PP - Atul also said they aren't planning on one. Cash went down around 400K - 500K in the first quarter after adjusting for the PP and paying back the first loan. The 2 million new loan should cover a couple of quarters and hopefully get them to cash flow positive.
Nothing good in the first quarter results, nothing disastorous either, pretty much as expected since they didn't really announced any new paying clients before the end of Q1. Technically they should only need one or two more good recurring contracts to have their break even scenario Atul talks about where every new contract just adds to the top line..... here's hoping. At least my 10 cent bid finally got filled, throwing good money at bad is a solid investment strategy right?