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Re: surfguy post# 11363

Tuesday, 08/30/2011 5:33:43 PM

Tuesday, August 30, 2011 5:33:43 PM

Post# of 96868
Good post, SURFGUY.

According to most recent quarterly, they had $35k presently in the bank on June 30, 2011 AND they had recently announced that they were purchasing their building and weren't going to lease it.

Those don't APPEAR to be financial concerns - not that I am saying a company whose entire current operation is R&D does not have cash flow limitations, at times.

Obviously, a secretary is essential, unless she was not doing her job appropriately and another would be hired soon.

I guess the term 'layoff' gives such a different impression than 'let go' or 'terminated.' Hopefully we will hear something soon. Maybe Common Cents can clarify.

All The Best

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