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exwannabe

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exwannabe

Re: OKY post# 8179

Friday, 02/15/2008 1:06:28 PM

Friday, February 15, 2008 1:06:28 PM

Post# of 19309
"They may have failed to understand another’s fraud, or greediness"

NO, they failed to understand their own cash position.

The basic situation was very clear. They had a burn rate, and a time 'till revenue. They needed to have solid plans in place, and they obviously didn't.

This is really not complicated.

"we know nothing"

WRONG! We know there was a significant dillution, we know they could have minimized it by acting earlier.
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