Thursday, July 18, 2013 10:59:19 AM
If they actually hit their promised $1.5M revenue for this year they should be cash flow positive and not need to issue anymore shares.
These pilot programs they are starting in Europe are a big positive. The hard part of making the sale is convincing someone to try the solution. It is exceedingly difficult to get an MIS director to risk their reputation on a security solution. So, someone has been working hard and we can only hope that the pilot goes well since that will lead to additional customers when the solution is proven in the market. There is a comfort level when you know others in your industry are using the same solution.
Time will tell if we survive until they get a foothold but until then you can expect more dilution to pay the bills and keep the doors open. The alternative is bankruptcy and I don't think any of us want to see that.
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