InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,460.48
(
-0.41%
)
US TECH 100
19,181.60
(
-0.43%
)
Dow Jones
39,118.86
(
-0.12%
)
Brent Oil
84.85
(
0.00%
)
Bitcoin
60,847.06
(
-0.07%
)
Post# of 346917
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

nuubie

Send PM Follow Ignore
Followers 0
Posts 6522
Boards Moderated 0
Alias Born 05/08/2009

nuubie

Re: None

Thursday, 09/24/2009 9:17:13 PM

Thursday, September 24, 2009 9:17:13 PM

Post# of 346917
GFGU has no revenue and a net loss of $13.3M for the 6 months ended June 30, 2009.

How do they expect to get financing on $1.75M with no revenues and that large amount of net loss?

"GetFugu has advised the Company that it currently does not have the funds to repay the $1,750,000 and that it is seeking alternative financing sources to fund a reimbursement."

http://finance.yahoo.com/news/SpongeTechreg-Delivery-bw-3710267507.html?x=0&.v=1

http://www.sec.gov/Archives/edgar/data/1398667/000114420409044758/v158638_10q.htm

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up