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Re: qtipjoe post# 10021

Friday, 01/18/2013 9:13:20 AM

Friday, January 18, 2013 9:13:20 AM

Post# of 20680
I'm only reading their financials, the company is telling us they are making no money, the company is telling us they are seeking financing, the company told us they could not afford the interest on Mr lenfest debt and had to do the reverse split and shares for debt conversion. The company told us that they still cannot pay the current accruing interst on the preferred shares. The company is telling us they are in trouble by going dark. The company is telling us that the cost of revenue is outpacing revenue itself. They've had layoffs, trouble in obtaining financing. PEG losing money, Cloud computing new arena for them with only a handful of clients with very little income. Nothing TEVE has done in the last year has made them profitable. Mr Lenfest was always the main reason for people to buy, and now his support is gone. Doesn't leave much room for continued growth without the money to aid in the venture. You need money to make money, you need money for R&D to stay current in the business, awards given for technology two years ago, no money to improve or pay top of the line engineers. Company is telling us all of these, you just have to be able to listen.
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