3 replies to this topic

[Apparelyzed]

Hi all,

I just wondered if anyone still goes there, as it seems very quite lately. I remember the entry they made into the disability community, with millions of dollars behind them.

I was reading their financial report, and couldn't help noticing the drastic cuts they've made during the financial crisis, and also that in their report for the quarterly period ended September 30, 2009 they said:

"As such, the ability of the Company to continue as a going concern is dependent on the receipt of additional financing and/or proceeds on the sale of assets and ultimately its ability to generate sufficient cash from operations and financing sources to meet obligations as they come due. If these activities are not successful, the Company may have to suspend or cease operations altogether."

Read more: http://www.faqs.org/.../#ixzz0jOW5l1wo

Also, their current share price has really gone down, on the 6/1/07 they opened at $1.75, on 3/1/10 they opened at $0.01.

I was just being nosy, and wondered if anyone knew anything?

Did I read what I saw right? Or do they have nothing to worry about?

Simon

[chickadee]

Apparelyzed, on Mar 27 2010, 11:31 AM, said:

Hi all,

I just wondered if anyone still goes there, as it seems very quite lately. I remember the entry they made into the disability community, with millions of dollars behind them.

I was reading their financial report, and couldn't help noticing the drastic cuts they've made during the financial crisis, and also that in their report for the quarterly period ended September 30, 2009 they said:

"As such, the ability of the Company to continue as a going concern is dependent on the receipt of additional financing and/or proceeds on the sale of assets and ultimately its ability to generate sufficient cash from operations and financing sources to meet obligations as they come due. If these activities are not successful, the Company may have to suspend or cease operations altogether."

Read more: http://www.faqs.org/.../#ixzz0jOW5l1wo

Also, their current share price has really gone down, on the 6/1/07 they opened at $1.75, on 3/1/10 they opened at $0.01.

I was just being nosy, and wondered if anyone knew anything?

Did I read what I saw right? Or do they have nothing to worry about?

Simon

I haven't heard anything news-ish much more than their Twitter feed and etc, but I'm noticing less articles, and less frequency. Also, their site has a ton of dead links they don't seem to be updating. It's kind of a bummer, because I think that they could really take off even further... but if it's the case that they're public funded rather than a private enterprise, maybe that has something to do with it? I dunno...

[Apparelyzed]

Yeah, I noticed the number of posts has decreased as well.

I also noticed that they no longer publish their financial updates in their investor section, which looks ominous.

Simon

[In The Wind]

I never was very impressed with them as it was...They seemed kinda pushy and just barged in saying the same sort of stuff that I hear from therapists..