From my understanding of the financials
they appear to NOT have excess cash. If they had excess cash why in the world are they paying contractors with shares, why not use the excess cash? Because they don't have excess cash. They have $13 million in liabilities and $9 million in current assets, leaving $4 million short, not excess cash in my books, correct? How are they going to come up with $4 million? Hopefully by NOT selling shares, since that is killing us!!
They have a note payable alone for over $6 million, how are they going to pay that off? With shares or will they sell of some WI and pay it off? I suppose another question for IR.
I did not cal IR. Someone posted on these message boards that IR wanted questions so that they could pose these questions to Fox during his next radio interview, which I really wish he would stop doing!!
GLTA
Cheers,
Oxyurid
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