The securities underlying the Series E Convertible Preferred Stock include 10,896,000 shares of our common stock issuable upon conversion of the Series E Convertible Preferred Stock and shares of our common stock issuable upon the exercise of the Series C Warrants.
Amen. Way overdone.....
“Despite market softness in small cell and some temporary excess customer inventory to work through in WiFi, we experienced only a modest sequential decline in total infrastructure revenue in Q2,” said Ron Michels, chairman & CEO. “While we continue to make progress in our core infrastructure businesses by launching new products, earning new design sockets, and gaining new customers, we expect the widely reported market softness in CATV and small cell to persist through the end of 2015. We believe the softness in both markets will subside in 2016 as deployments pick up steam. Most importantly, we are prepared with broad design-win penetration to meet the demand when strong market growth does, in fact, return.”
“To address the impact any core market softness may have on the Company’s financials, we are exploring capitalization options that may provide adequate cash infusion over the next twelve months,” said Terry Gallagher, executive vice president and CFO. “We further believe that if such a cash infusion is secured, the Company financials will be adequately strengthened to a level that mitigates any going concern risks that may arise as a result of continued infrastructure market softness. With a sound long-term growth plan and solid company execution, we expect any new capital infusion should contribute to the long-term value creation for our shareholders. While we are optimistic, we cannot guarantee at this time that we will be able to secure additional financing on satisfactory terms or at all.”
These guys get bought IMHO......
Meru Networks to Explore Options, Cut Jobs
5:18p ET January 6, 2015 (Dow Jones) Print
Meru Networks to Explore Options, Cut Jobs
By Josh Beckerman
Meru Networks Inc. (MERU), which makes networking products used to provide Wi-Fi service, said it would evaluate its options, including a potential sale, as it unveiled a restructuring plan.
Meru, which also warned of disappointing fourth-quarter revenue, expects to cut more than 10% of its full-time workforce as well as about 20 contractors. The Sunnyvale, Calif., company had 419 employees at the end of 2013 and reduced about 18 positions in the first half of 2014 under a cost-reduction program.
Meru also said it hired Deutsche Bank to advise the company on strategic options, potentially including a partnership, sale or merger.
Additionally, Meru said its vice president of sales for North America, Kevin Coppins, will resign effective Jan. 12. Tom Palomaki, vice president of worldwide support and services, will replace Mr. Coppins.
Meru expects to report fourth-quarter revenue of $21 million to $22 million, compared with previous guidance of $23 million to $27 million.
Investment firm Castle Union LLC reported a 5.7% stake in Meru in May. The firm said it was concerned about the company's "consistent underperformance" compared with peers and called for the company to pursue a sale process.
When does the creditor become the slave of the debtor?
Don't own a lot but the market here is over reacting.
Will see how tomorrow plays
UDHI is just beginning. Impressive verifiable DD on it.
facebook update this weekend . ......
Drinkable Air, Inc.
4 minutes ago
RIC Centre released on July 16, 2014 that Drinkable Air was 1 of 5 Companies chosen for the new Incubator for the next 6 months. I do not believe people understand what this means for our growing company. Let us explain:
1) The RIC Centre Incubator, in partnership with the Xerox Research Centre of Canada (XRCC), offers world-class research and support services to help fast track innovative businesses to market.
2) Being accepted into the second cohort of incubating companies at the RIC Centre, in partnership with the Xerox Research Centre of Canada (XRCC), gives us another Fortune 500 company that is a strategic partner.
3) The RIC Centre Incubator recruits companies that have a viable business on the verge of launching to the next level of growth. The mission is to define path to market, in part, by exploring and securing partnerships that will open access to capital, to connections and to paying customers.
4) The RIC Centre Incubator does not pursue an equity position in client‘s businesses nor in the intellectual property they have developed. New businesses built on innovation need help opening doors and making essential connections that will grow their business and expand their market. The RIC Centre Incubator offers a dynamic, collaborative environment along with the global credibility of the Xerox Research Centre of Canada, to provide low-cost yet, essential business-building services.
5) Based on their specific needs, clients also have a wealth of technology and research facilities available through the XRCC fee-for-service model. The combination of the mentoring and hands on facilities was developed based on the RIC and XRCC pledge to provide real-world solutions for growing companies.
We have also
Hopefully some positive developments on the revenue or debt restructure.
2014 NORTH AMERICAN PALLADIUM LTD. Annual And Special Meeting of Stockholders
MEETING DATE: June 23, 2014
For Holders as of: May 12, 2014