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Friday, September 09, 2011 1:03:26 PM
From the 10-Q: "We currently do not have sufficient cash or commitments for financing, to sustain our operations for the next twelve months..."
Finding alternative lending will be near impossible so they need to hit breakeven soon. If they maintian last quarter's growth rate in the 2 subsequent quarters, they will be at breakeven this month, and be able to service debt by the end of Q4. The run rate on growth would put them at $18M run rate in Q4 - which is probably outside reasonable expectations, but those are the numbers.
I am still not sure investors will care about fundamentals. NeoMedia needs PRs or perish.
“It ain’t so much the things we don’t know that get us into trouble. It’s the things we know that just ain’t so.” Henry Wheeler Shaw
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