Impact ? Not according to this post from Agora...
Subject: I spoke with Robert today
From EDIGOKIE
PostID 249262 On Wednesday, April 23, 2003 (EST) at 4:48:38 PM
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I was confused about the rumors/stories/lies floating around about reverse splits and additional shares being issued. In Robert's words, there is no substance to either report. The company has never said there would never be a reverse split, but RP was emphatic that one would not happend unless and until the company was profitable and the share price had shown dramatic improvement. The only reason to even consider one would be to jump the PPS up to qualify for the NAS and attract institutional investors. Not being planned but never say never is probably the best summation.
Someone was running the rumor about additional shares being required on June 30. Anyone who knows the specifics please call Robert, because neither he nor Ran Furman know of any reason why that would happen or be required to happen. No previous financing deal requires additional shares.
The company used the the 2000 unit figure for O-1000s as a measure of revenue neutrality. Selling 2000 per month at current margins should cover burn rate. They are still hoping/expecting to see that figure reached over the next two months. That also means our estimates of approx $150 per unit is pretty close.
I asked about C/Net inventory. He said they were playing that by ear until they see what kind of demand is generated from their site. In other words, we may see inventory problems because we simply can't afford to front a bunch of initial inventory to C/Net without some indication of potential volume.
Hope this answers some questions. As I have told family and friends I got into edig - lean into the wind a little while longer and I feel confident we will all be rewarded. JMHOFWIW. Best of luck all
Kirk
AI
