Radioio Inc (RAIO)

[suds1460]

They HAD 760K in the bank as of 3/31/2011.

Right now, barring any major changes to their revenue stream or expenses, they most likely have around $300K and will run out of cash sometime in September.

Look st the Statement of Cash Flows 3/31/2011 10K. Backing out the 900K in Deferred Revenue (EE money that will not repeat), $200K from stock issuance and $100K inflow from related parties (major shareholders), they are burning cash at a rate of $147K per month.

The only thing that is going to keep IWDM's doors open even in the near term is a large influx of cash from an outside source. What does that mean for the current shareholders? Dilution on a large scale.

If Randy Michaels is coming in with Sam Zell (something that I truly DO NOT belive is going to happen), they had better do it within the next 60 days.

The clock is ticking.