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MediaBay, Inc. Message Board

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  • atlnsider atlnsider Nov 24, 2005 2:15 AM Flag

    Why Blame Investores NOT Dittus & MBAY

    In regards to your statement "they are carrying massive debt", this is from the 10-Q:

    "On March 23, 2005, pursuant to an agreement executed on March 21, 2005, we received an infusion of gross cash proceeds of $35 million in private equity financing from several institutional investors. We retired all of our borrowings and increased our cash reserves."

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