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Post# of 105534
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Dew

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Dew

Re: Agent92260 post# 31233

Wednesday, 05/12/2010 4:08:19 PM

Wednesday, May 12, 2010 4:08:19 PM

Post# of 105534
I'll tell you exactly why he is doing it. To raise funds to cover his burn rate. We all know we are not cash flow positive yet. Until we are Matt will need to obtain cash to cover. He can sell shares or borrow money. Those are the only choices until we can become cash flow positive. Lets say his burn rate is $100K per month. At a penny he would only need to sale 10M shares a month. I do expect us to become cash flow positive soon though. Maybe by the end of the 2nd quarter or in the 3rd quarter. And the outstanding share count Ice Equity posted is wrong. Just go to the S1 or go to my post yesterday for the correct numbers.

Don't worry about the mule going blind just load the wagon.

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