CC update. 1.knee deep in debt. 2.Some offers for company, but nothing worth considering. 3. In negotiations to try and get this debt under control. 4.Financials will be up in a few months,if everything goes well. 5.They are operating on their own cash flow. 6.Hope to be reporting soon. 7.Revenue flat in 06. 8.Small profit in 07. 9.Strategic relationship with Intuit,has not yet materialised, hope it happen in a few months, will "grow" the company. 10.Do not anticipate raising capital, but would love to. 11.Share Structure: 1.6 Billion issued and outstanding. A.S 2 Billion. 12. No longer a partner with Novell. 13. SPLA -Microsoft partner. 14.Contract with Civil Air Patrol. 15.He would love to report, but need financial (audited) to back it up. 16. New "Insynq" 2.0 website should be up soon. 17.There is 360 billion dollar market out there and Insynq is well positioned to capture their share,especially, since they have the experience. 18. Insynq biggest obstacle is overcoming the "financing" received a few years ago. There were a few other issues that was discussed, but these are some main points. It was noted before the conference began,some things could not be discussed.
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