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dlewisfl

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dlewisfl

Re: clocktower post# 276

Monday, 06/12/2006 8:52:24 AM

Monday, June 12, 2006 8:52:24 AM

Post# of 2095
clock: What "death-spiral" are you talking about? Do you even know how the deal with Cornell works? Apparently not if you're talking about "death spirals". Cornell LOSES money if the QTEK PPS doesn't appreciate.

QTEK had a performance bond securing the contract they lost. It was backed by $250k that they put up. It is being released, it will free up $250,000 cash for them to commit to growth.

Losing the contract is not good news, for sure, but it's not the end of the company either.

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