- Utilization Rate .08
- 3M Subs Holding
- Down to $12M cash burn now
- Changes “will make us profitable”
- Ted Denounces dilution
- Say they have 6 month worth of cash
- 1 Million already switched to new plan
- Mitch – “New plan gets us to cash flow positive, and when the market starts to realize that the need for capital is declining rapidly I think people..Investors”. Cavuto interrupts “what’s in it for the customers?” Damn it Cavuto – let the man answer the question!
New Model – at .8 Utilization and $11ticket price (highest I have ever modeled) show GM positive.
I am not sure why they can’t just show a profitable month for August now. Maybe they will?