for the fact challenged Ceniises:
You said
PLEASE PROVIDE A SPECIFIC QUOTE. ALL TRANSCRIPTS ARE ONLINE AND I HAVE BEEN UNABLE TO FIND THAT PARTICULAR STATEMENT YOU HAVE QUOTED. I RECALL HIM STATING FINANCING WOULD BE A SORT OF "PIPE FINANCING." 5/22/06 SEC DOCUMENT FILING OF CONFERENCE CALL, 4/5/07, CONFERENCE CALL, 5/07 FIRST QUARTER CONFERENCE CALL,
Actually here is a quote from sowers transcrition of 10-14-2005 conference call.
Robert: And secondly, you mentioned that Calypte has sufficient funds for an undefined interval. Do you foresee, having been Chairman since 2004 that the Company has sufficient funds to carry it to the point where it’s going to be break-even on sales? Or no?
Roger: I think as Chairman of the Board you’ve rightly point out I’ve been there some time. I have certainly seen the viability of the Company improve over those months that I’ve been with the Company but we have a sufficient amount of cash plus sufficient funding mechanism in place, such that we could fund the business through to break-even.
Robert: And what is the funding mechanism in place?
Roger: We have a debt facility in place with the Marr Group.
Robert: Does that involve more equity or is that just straight debt?
Ted: It’s just straight debt.
as surely as eggs are eggs....
AI
