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  1. 226 Posts.
    actually, i think its toast

    no cornell drawdown = no cash = big problem

    suspect the new management have dropped the ball big time

    also, EzyDVD was due to launch no later than 3 months from signing in September - where is that at?

    Are they saying that negotiating the agreement meant that no work was done on launch - wasnt the preliminary agreement binding? (as we were lead to believe?)

    I heard on the street that the new CEO was cocky about raising cash, then it all fell over, and he (out of overconfidence/arrogance) - forgot to do a Cornell drawdown

    Ugly - suspect we have all lost out
 
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