Quote:
Originally Posted by Paul Delaney
Atm are they just reliant on the interest from the CEO's building society account to keep the business afloat?
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Well, they are trying to live off the interest. In 2007 they received 688,843 USD in interest. However, there advertising revenue for that year was zero so after all that expensive R&D they ended the year with a net loss of 32,153,223 USD!
At the end of the year they had under 17 millions USD in cash and various other smaller assets. Unless they've got funding recently, or cut their expenditure, they must be getting rather low on funds.
