For the initial look at your post it says, "actively looking for bank funding for capital". That tells me they are having trouble obtaining funds. So much for peoples thinking that Mr Lenfest will continue to fund this company. Also a reduction in staffing, so people losing their jobs. Now is this really a company going forward? Damage control in place, a line of credit up to 250,000?? If they can get it but no guarantee. Will review the quarterly report in detail this weekend, recommend everyone does. Definitely NOT a good report by anymeans. Without Mr Lenfests money, you now see how bad this company stands financially. Down to 1.4 million dollars, so they burned through 3.6 million so far at a minimum not to mention all their capital costs, overhead, and the hiring of a new CFO. Hire him, fire the staff, sounds more and more like a penny stock operation afterall.
