Posted by "dogfather" on another board...
Nothing really exciting. Most of the loss is merely accounting mumbo-jumbo relating to valuation of shares, warrants and option issuances during 2006.
This is really not the same company as it was on Dec 31,2006. Since then, Airbee has gotten off the Pinks and is now seeking significant financing. Their 1.1 software has been certified and they appear to be securing a growing customer/partner base. Golden unit status is also a BIG plus. They confirm on Page 9 that Airbee is (to the best of management's knowledge) the only independent Zigbee software provider.
We have all seen recent articles on Zigbee some of which mention Airbee in very favorable terms. As others have pointed out on RB, Airbee is the only "pure Zigbee play" obtainable on the open market for investors. The only major hurdle appears to be related to financing.
I agree with Va Biz that the fact that Montgomery has recently advanced a further $150k is a good sign. i.e. this money is probably a bridge leading to larger and more permanent capital.
If and when financing is received, I think that today's price of around .25-.30 will prove to be a huge bargain.
Yes, there is still risk but it's a lot less than it was on Dec 31, 2006. By all means, read the 10-K in order to do your own DD but I think a detailed read is probably only valuable as a cure for acute insomnia!
AI
