Sunday, February 17, 2008 6:20:01 PM
As reported in 2007, if annual revenues can be sustained in min of $3-4 million a year, though it is not a good situation but I would not be too disturbed to see $10M debt for the time being as long as revenues are there to absorb it.
As I have been emphasizing here many times, no matter how much revenues promise to carry such debt, I personally see/wish two things to happen: 1-Innova/Coroware financially successful, 2-Cornell/Yorkville debt to be paid off asap, at least refinanced through a TRUSTED financing institution that has good records.
I personally have more trust than before in Innova/Coroware as far as honesty, core business expertise, business acumen of the management currently in charge. Of course, this is topped with strong positioning at Microsoft and its Robotics Studios, exposure to other robotics related companies and clients, highly respected academic platforms, etc etc.
Bottom line priority: Get rid of Cornell/Yorkville debt. (I really do hope that management realizes how big problem to be associated with them and already make serious efforts to change this situation)
It will be like finally having clean, safe drinking water to start rehealing process. :))
Have a good week everyone.
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Dont put your money on hype!
Do your homework...
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