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retiredanalyst

02/07/13 11:38 AM

#17469 RE: kheb88 #17468

Well hey, anything is possible. But given the financial realities, you better hope revenue gains are going to be big, and soon. Because cash burn rates have been accelerating and given the high expense/revenue ratios, something has to give, and soon. The bottom line is IWEB needs much higher revenues to change these metrics anytime soon. And that is a lot easier said than done because there is major major competition in this space now from major players. Can IWEB compete in this space given today's competitive landscape? Don't know, but I do know that IWEB is losing more and more money every month, and without sharply higher revenues, it's gonna be tough.
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SeanBoy

02/07/13 11:43 AM

#17470 RE: kheb88 #17468

Let's get real. We now have Rob Howe, who has taken this challenge and is doing all his best to turn the ship around.

Who's kidding who??

Before that we had Steven Toole, before that we had Karl Chung, etc, etc.

Howe doesn't do miracles, just look at Circuit City.

Has Howe annouced the value of his sales? I find it interesting that he won't even list the buyer anymore. The last time he did, it was a sale to Hamilton County (or something like that), the board dreamers projected it to be millions. Of course since it was in the public domain, someone discovered that it was about $100K.

There are over 100K, 7.4 cent warrants that have effectively caped the pps at about 7.5 cents, and that's a fact!

I agree, it doesn't deserve to be pennies, that's way too high.