Yes...They had to raise money because they have been losing it out the WAZOO!
Read their filings. They value their goodwill at $18 million. Take out their good will and some other questionable numbers and their book value = ZERO.
They have been losing about $1 million per quarter on average.
New money through rights offering is what's keeping their doors open -- for now at least.
They are currently being pumped by an Buzzamacallits.
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