For the quarter ended Sept 30, 2013, per http://finance.yahoo.com/q/is?s=CCGI" onclick="window.open(this.href);return false;, it doesn't look like things are any better on the revenue and profit/loss side: $89K in revenue but $7.937 million in net loss.drees wrote:Ouch. That looks like another company that's on the verge of going bankrupt itself. How are they going to make up a $5.6M quarterly loss by buying the currently money losing Blink network? Through volume?Randy wrote:Q2 2013 Financial information about the Blink buyer: Car Charging group
http://www.hotstocked.com/article/66392 ... above.html" onclick="window.open(this.href);return false;
Their winning bid was $3.35 million for the Blink assets
• cash: $165 thousand
• current assets: $1.1 million
• current liabilities: $8.9 million
• quarterly revenue: $77 thousand
• quarterly net loss: $5.6 million
• accumulated deficit: $26.8 million
How are they funding the purchase with no cash on hand?
When's the money (wherever it's coming from) going to dry up?