"The unprofitable company has $32 million in cash on hand and $650 million in liabilities. What's more, it says it lacks existing cash or cash from operations to repay a $44.5 million debt that comes due July 31 and warns that unless it can repay or restructure the obligation, it will face “a material deficiency in our short term liquidity.”
http://crainsnewyork.com
Did you get your invitation as an affiliate?
Would you invest in this IPO knowing what you do about their past transgressions with nonpayment of affiliates and the Zango debacle?
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