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03/27/07 11:02 AM

#69168 RE: Danielle- #69143

Didn't Murch state in an interview or a pr in Dec. or Jan. when the first successful flight took place that sanswire was looking for investors ?

There's been no funding by raytheon or the government and unless you've got proof of it it's not even valid to discuss or speculate upon. We have to assume that globetel/sanswire is operating in the exact same manner in which they have always operated. NEGATIVE CASH FLOW !!!!!

The fact that they've given away an unprofitable division (magic money), dumped personnel off of payroll, hopefully taken other steps to reduce cash burn as well means they're able to continue operating but you can bet a dollar to a dime that globetels operating costs still exceed revenues and they're operating at a loss as they always have.