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compudon

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compudon

Re: eye_ater post# 376

Wednesday, 07/25/2007 1:17:44 PM

Wednesday, July 25, 2007 1:17:44 PM

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How the heck do they pay for this acquistion out of existing cash reserves? The last public filing from Q1 2007 showed that DI Securities only had roughly $250k in cash and receivables. Their revenue was $56k for the entire Q1 quarter, and they are spending $200k a quarter on operating expenses/salaries.

They should be out of money right now.... is there another stock sale/financing in the works?
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