Edgewater Wireless Systems Inc V.YFI

By the numbers

[leodevoe]

No real surprises here. Revenue and losses aren't the issue here. Cash flow is the only metric of interest. Sadly they blew through about 75% of the recent PP in one quarter. And so two months ago they had $130K in the bank. Hard to say where that is today. They accrued $130K of salaries this Q. They now owe $468K of pay. Ouch. 

So as is seemingly the case on an accelerating basis they need to be raising cash. When the Annual is due in four months I’m sure they don't want it to once again be halted for not filing. Also notable is $6.6K on product development. Son of ED209 sure isn't being lavished with cash. 

Fair to say at this point the only question is can they raise cash. Based on the most recent attempt the market is clearly tightening.

[digital130]

Andrew can always get a job as a taste tester for frito-lay. Its a penny stock.  Nobody cares but you? The technology must be worth stealing???? Take care

[TDMAN29]

https://www.google.ca/search?q=frito+lay+jobs+ottawa&client=safari&sca_esv=27919f41f8c15d06&sca_upv=1&channel=iphone_bm&source=hp&ei=oIoMZpGEKYeV0PEP_f-SqAY&oq=frito+lay+jobs&gs_lp=EhFtb2JpbGUtZ3dzLXdpei1ocCIOZnJpdG8gbGF5IGpvYnMqAggDMggQABiABBjJAzIFEAAYgAQyBRAAGIAEMgUQABiABDIFEAAYgAQyBRAAGIAEMgUQABiABDIFEAAYgARIh1dQ_wZY_kZwAXgAkAEAmAG4AaABpgyqAQM1Ljm4AQHIAQD4AQGYAg

[RoyallyScrewed]

Just think LGRN, you could have made $400,000 - $500,000 delivering potato chips for the last 10 years instead of sitting on your pile of dwindling pennies.