Once the issues that we all are waiting for are resolved to the satisfaction of the investing public we will look back and say whow no wonder pennies give you heartburn !
This was from last June's POS filing and at that time they were still anticipating 145M CDs. With a lot less than that, then even more than $5M in additional funding will be needed.
We and SunnComm believe that we will jointly need a minimum of $3 million to continue our respective operations and complete the anticipated merger over the next nine months. An additional $2 million will be required to develop and market additional technologies which we mutually believe are needed to maintain a competitive edge in the marketplace.