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Re: None

Friday, 12/02/2011 10:15:13 AM

Friday, December 02, 2011 10:15:13 AM

Post# of 94541
A Reverse Split is imminent Q1 of 2012. I've done my DD on this one. They have no choice with their cash burn. There are no offerings scheduled and no new preferred investors. The teams are NOT investing their own cash in this. They have enough cash to get them through the next couple months. I have talked to one of the management teams.

There will be a need to raise equity sooner than later. The product launch has gone longer then the team anticipated. Nobody wants to do an RS but there may be no choice.