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Re: Coolrunning post# 3843

Wednesday, 09/21/2016 3:13:42 PM

Wednesday, September 21, 2016 3:13:42 PM

Post# of 10465
they don't have any money, they are not producing enough revenues to come even close to meeting their burn rate

they are in default on a million dollar note that converts at 35% discount to the market with no floor

to expect them to overcome these obstacles by entering into a market that is already being fulfilled by established providers is a bit naive

they will no longer be able to raise money at .50 because the market is already there.

I appreciate the optimism but reality is reality


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