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Message: RE: e-mail from Putnam..../sky

RE: e-mail from Putnam..../sky

posted on Jan 18, 2006 06:52PM
That may be true, however they did go with another high interest loan in place of added shares, and also included a royalty payment for each future eVU unit sold.

If they don`t start selling enough of the new units, in addition to some IFE units, how many we don`t know, they may indeed have to offer more shares. It`s a matter of generating the revenue to offset the total costs, which they have failed to do so far, but they are getting closer.

We should know a good deal more by the end of the current quarter.

OZ

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