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Wednesday, April 30, 2008 9:00:14 AM
- They have 2 employees.
- They are financing the company by diluting.
- They still haven't begun to trade.
I mean read the risk section of the release. It's all true. They are just another peddler out they in a sea of hundreds. What do they got they others don't???? SWARM. so basically all hopes and dreams ride on SWARM. Problem is that this thing only traded a handful of times almost a year ago. I would say the odds are about a thousand to one, maybe higher.
Also, I didn't catch the deal with XXIS and Spooz about the 1.5 million license payment. Has this been renegotiated? We know they only payed 83k of it. This is another thing that really pisses me off because I always questioned where this money was going to come from. Apparently I was right on. I don't think they ever thought that payment was realistic. I would go so far as to call this manipulation.
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