I like their technology but they are burning cash like an uncontrolled wildfire. They recently announced $12M in financing through the issuance of Series A Preferred but That won't last long as they are burning about $5 to $6 million per quarter. Revenue growth will need to pick up substantially to cut into the burn rate or there will be additional financing required. I guess the one good thing is that they are using preferred and if the do that next time it shouldn't result in immediate dilution although that is just a guess as I haven't seen the actual financing agreement. I have been watching this one for a while now and have been waiting for it to hit critical mass but in my opinion that hasn't happened yet. It looks to me like they are about a year away from getting close to break even but the chart looks pretty good and if you can buy around .05 to .07 per share, it looks O.K. All these OTCBB companies are risky but this one actually has a business and is not just a share printing operation so it is a lot better than most.
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