Thursday, November 16, 2006 8:23:13 PM
I realize your post was to JP, but I will reply anyhow. I absolutely believe that there is a major BP partner or even multiple for this launch. There is no way the Prentice Hall text book would be featuring our go to market strategy if that wasn't the case. That text book comes out next month. We have a $30 million cash deficiency though for the subs. Even with multiple major BP we will not be making $30 million free cash flow in the several months. By removing sponge it reduces the amount we are short down to $20 million. I don't believe divesting of sponge means there aren't good things on the horizon, it just indicates that anyone expecting us to be turning a 30 million dollar profit as soon as qode launches will be sorely disappointed.
-Bigs
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