Replies to post #9894 on Mobilepro Corp (fka MOBL)

[was thesauceman]

Taken from the 10-K....


"If the Company fails to eliminate the cash requirements represented by the wireless network business, Davel and ProGames, or if a sale of the Wireline Business is not consummated on favorable terms, the Company will not have the ability to continue as a going concern beyond the second quarter of the current fiscal year without a significant restructuring of the Cornell Capital debt. Although the consolidated financial statements have been prepared on a going-concern basis, the Company recorded substantial impairment charges at March 31, 2007 related to the goodwill of the Internet service provider and wireless networks businesses and certain fixed and intangible assets of Davel and Kite Networks."

IMO, we're pretty much just rolling the dice here in hope that we don't crap out...and i think it's the cooler's roll.