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Re: intuitive3 post# 244027

Thursday, 11/26/2015 12:34:32 PM

Thursday, November 26, 2015 12:34:32 PM

Post# of 248841
Simple..who would take the job..
The company is just days away from bankruptcy.
For the last financing deal, they either convert or get paid in cash. Why would they convert ? It would imply they expect the stock to rise... it won't be.. That cash demand will force them into some kind of bankruptcy chapter.
The only access to capital they appear to have as a last ditch option would be selling off any accounts receivable. Given the state of the company whoever would do that would demand a large fee for safety sake.. From what I hear theres almost noone left to service accounts on the support side or engineering. Any renewals at this point will be few and far between if their customers have even half a brain...


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