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followinsnsr

09/20/06 12:47 PM

#42812 RE: jfburk #42807

Jfburk, I certainly give you a lot of credit and would want you on my side if I owned a company. You know there are positives and negatives with every company. This is an exciting young company and I believe for every positive there is a negative. While I do give you credit in pointing out many positives you do have to look as some negatives and agree sometime. Here are a couple of negative's (which doesn't mean they can't be overcome.)

They are not dept free if they issue the 1.1 million of 7% Convertible Notes, (comes to $77.000 per year) right now the interest they will pay is more then the profit made from VOIP last quarter.

Caribou is seeking more than $700,000 in damages. The Company disputes the allegations of the claim and is vigorously defending it. The final hearing before the arbitrators is set for mid-November 2006.
That could hurt should they lose.