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Re: honeybadger post# 5955

Friday, 12/16/2011 9:09:16 AM

Friday, December 16, 2011 9:09:16 AM

Post# of 28022
I don't normally like to be so blunt but you guys sound like a bunch of 2 year old's that are mad that they haven't been fed yet.

Over the past few weeks I have signed up for the free trial no less then 3 times and every time I was able to use it very successfully I might add, not immediately every time, you may have to wait a few days for it to be activated.

RAYS does have a great balance sheet. Most of their expenses are pre paid and they have a very strong cash position. The $8M in goodwill RAYS carries on the balance sheet clearly refers to RAYS breakthrough video compression technology which they issued 20M restricted shares for at $0.40 per share.

While most tech companies in the launch phase are concerned with raising cash to survive RAYS is fully funded moving forward. As I said last night, this puts RAYS management team in the enviable position of being able to focus 100% on building their business and getting their technology in front of prospective clients and industry leaders.

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