Lecere Corporation (fka LCRE)

[beachpilot]

Thank you, again, for the most beneficial of investor relations.

However, it all begs the question of where $1.3M went.

I don't think the dev team was even involved until November 2009. $240K of 504 had already been spent since July. Why a $60K/month cash burn before any product development even started? That's 20% of the funding!

Then an average burn of $90K/month until the well went dry in Oct 2010.

Seems like a lot of money didn't go to product development.

As someone who's now inside the company and has such astute observations about its history maybe you can shed some light on this?

All JIMHO.