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Wednesday, November 14, 2007 2:15:37 AM
bank overdraft. They owe $13,925 in credit cards. They are
living on the edge. There is a bunch more but the company
needs cash.
Paul stated they did not "need cash" but the fact is they do.
No question about that. They can get it from 141 capital or
from dilution or both. They cannot IMO opinon rasise any debt
captial except private financing.
The other thing to consider is they are licensing the OQ software. It is not theirs. OQ gives them the market below
$2,000 a month. They take the rest. The risk is that OQ could pull the plug on them with written notice...that is a
fact. I don't think they will but they could.
The company need capital to finance their incoming mail and
phone calls by January. So something has got to give here.
Go figure.
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