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Re: Fenway32 post# 8353

Sunday, 12/30/2012 11:10:55 PM

Sunday, December 30, 2012 11:10:55 PM

Post# of 31664
Looking over the latest 10Q, the latest Asher funding was almost certainly needed IMHO. They didn't have the cash to pay their bills. The cash burn rate it seems will be about $50,000 per qtr. They only had $33K left at the end of September.

With no revenues to speak of, they needed to pay the bills. Hence the Asher funding. The $33k they had was only good for 2 months. Hence the Asher funding.

Perhaps, the phone is not working because maybe the phone bill was not paid?