Comment Re: Getting desperate. (Score 1) 52
I think this one might skip IPO. I don't think any reasonable finance person would value them anywhere close to what they want. What, exactly, do they own? A brand? Some IP with questionable value (especially relative to rampant competition)? A bunch of contracts that are basically obligations they cannot fulfill? A lot of resentment from the market? A fickle customer base, only 5% of which pay, generally for less than they cost? Their people and potential future income doesn't count.