AccessKey IP, Inc. (fka AKYI)

[Buell]

Reporting

When do they report their next Q?

The reason I ask is that interest has been killing this company

From Sept filing:
We incurred interest expense of $1,660,622 in the six months ended June 30, 2009. This was an increase of 108.7% from interest expense of $795,571 which was incurred in the six months ended June 30, 2008.

Now there is going to be interest for the past two months but this Q's balance sheet liabilities will be reduced plus additnal capital from loan. I'm not saying it will be a great Q but it will be a different one the we are use to seeing.

I did like his lead in comment "the $300,000 funding transaction has begun" read it anyway you like but this reads to me "We are now ramping up to produce tekcases for iPhones and Blackberries"

I think $300k will only result in one batch coming out selling, then stores being out of stock until they get paid then producing the second lot. Much like the other tekcases. They need more cash to produce a steady flow on demand to the costumer

another 500k at least if not 750k

just my .02