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  • vvegmaster vvegmaster Nov 9, 2012 2:32 PM Flag

    Circling the drain

    Noticed on the investor call transcript there were only a couple investors who had questions, both from Fetl. Interest must have disappeared as evidenced by that and the stock plummeting today.. Even if this company got a 850 site BWW rollout, the $4M in revenue wouldn't be enough to cover the cash burn this company goes through. If you were to build a company from scratch, how could you justify this much operational expense for a $6-7 million dollar company. This company can not become profitable in it's current form.
    The life of this company solely depends on how many more quarters worth of new offerings from investors who still believe this could someday turn into something. The $1.4M from the most recent quarter is almost used already.

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