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yellowdog1

08/25/11 10:03 AM

#25141 RE: retired3 #25133

I disagree. They have not been inept. They have done what they had to do to get the company to this point. They were a start up company that didn't have cash so they had to raise it through convertable stock. It is that simple. I also think they have made it very clear that going forward they will be able to finace future contracts through conventional non dilutive finacing. I think they have made all of this very clear over the last few months. You can't expect them to do a pr every day. They pr things in a timely fashion that are worthy of a pr. Glty. Woof.
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retired3

08/25/11 10:03 AM

#25142 RE: retired3 #25133

Let me be clear. When I say financial ineptitude, I am NOT saying that they had a lot of other choices to begin with. I think how they arranged the converts was not good, but maybe they didn't have any other choices. How they have handled this in the last couple of months does bring my criticism. The inability of their accounting procedures to report accurately the DT contract is a part of that. I still see nothing on this, and we are talking months after announcing a "contract". Their efforts in this remind me of cruising through a fog bank. It is tough and confusing, and that adds to uncertainty. R3