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fAcEtIOUs
Premium
join:2002-03-03
kudos:4

1 edit

reply to MrMoody

Re: What does this really mean????

said by MrMoody:

If they're in a cash crunch the service may fail at any time as their providers cut them off for nonpayment.
I won't be surprised to see a bankruptcy filing any day now so that they won't have to shut their doors. Then they will be on the block at firesale prices.

I wonder how long these investors will wait now?
»www.lightreading.com/document.as···d=102288
The Vienna, Va.-based firm says the new money is its third round of funding, and that its funding total is now $80 million. SunRocket says all of its existing investors -- BlueRun Ventures , Mayfield , and DCM - Doll Capital Management -- pitched in for the new round, as well as a few new ones: Varma, The Grosvenor Funds , and Brú Venture Capital.
»www.brv.com/news_releases.php?nid=133
"We fully expect that SunRocket's innovative approach and seasoned leadership team will enable the firm to pull away from the competition and emerge as a winner in this space."
I'll bet he is regretting those words now.
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Jeffrey
Wilpon please sell the Mets
Premium
join:2002-12-24
Long Island
kudos:3

I agree. I'm expecting a bankruptcy filing shortly myself. Could be wrong, but the writing on the wall doesn't look good.



NY Tel
Premium
join:2004-04-09
Smithtown, NY
kudos:3

1 edit

reply to fAcEtIOUs
Seasoned Ex-Bell Atlantic Internet Solutions Executives....lol

Guess what it really means is: Keep a fresh spare cell battery handy.



dvd536
as Mr. Pink as they come
Premium
join:2001-04-27
Phoenix, AZ
kudos:4

This is why its a bad idea to prepay 2 years service. hoping the company will be AROUND in 2 years.
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You can never be too rich, too thin or have too much Bandwidth



Mactron
el Camino Real
Premium
join:2001-12-16
CM94sv

Don't play the Craps tables do you ?

My Logic?..
Got in fairly early, figured it had to last at least a year, it did. Everything from here on is gravy.
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If only the Verizon CSRs worked this well.


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