Its only the SECOND full quarter after coming back from the dead. Lets be realistic. For years in the past MYEC was cash flow negative when they were heavy in the business. Check the filings from 06-09
Didn't one of their recent contract (ITONIS) have to borrow money just so they can pay for the up-front fee???
"Our management team believes that a robust marketing of the license should retire the licensing fee financing in a relatively short business cycle," says Mark Cheung, the Company's CEO.
I have no idea how much the up-front fee is to license our software but it must be HUGE!!!
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