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Thursday, December 15, 2011 7:51:54 AM
We basically have no money left. If you know anything about briscoe's history; he is liable to make desperate poor financial decisions, negatively affecting shareholders.
So we get a great report with SRK..right at the time we run out of money...use a little logic is all i'm saying.
NAK has us over barrel for almost $4m in the hole....I really shoudn't have to explain the potential implications of that.
By the way, $28k to upgrade computer systems for a handful of employees?? SERIOUSLY?...he hasn't the slightest idea of what capital effeciency is!
Even going all out with new upgraded rack systems/network gear for a handful of employees..you would be looking at 5-8k TOPS.
By the way he wouldn't even need to BUY the rack space..you can rent CLOUD SERVER storage for dirt cheap monthly rates these days.
SAGE...We better get some upfront capital from them with this proposed J/V.
Our speculations about a possible major third party riding to the rescue any day now better be correct....who knows what briscoe will do again, since we are again starved for cash.
Now..time to make my pot of caffeine.
Everything I say,is only my opinion. DO not rely on anything I post,as buy or sell advice. DO your own homework.
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