What was said was that CLWR would be forced to raise billions more capital by Q1 2010 to continue operations. Apparently anyone who could read a balance sheet understood this, but you. And of course, this is exactly what CLWR did.
And where is the "substantial growth"? Less than 1% market penetration in their WiMAX markets and a total of roughly 173,000 net adds for their entire year?
Investors were scared away but it is merely the reality of CLWR's massive cash spend relative to the disappointing performance it has shown capturing customers and revenue.