Gediminas Jasionis

Activecare, Inc. (OTC:ACAR) Still Runing Up On Funding News

by Gediminas Jasionis September 16, 2010

Without the cash, ACAR would look like an ordinary penny stock - heavily leveraged and not able to cover its short term liabilities. The bottom line also suffers from the high interest payments, which are sure to go further up when the new funding is provided.

Activecare_logo.jpgNonetheless, the money in the bank raises the company's credibility. Although the recently increased SG&A totaled $2 million on their own, this increase was only temporary and part of the amount was not even cash and carried high costs of consulting.

The initial funds would allow Activecare to proceed with their business plan for more than a year, considering the most recent cash flow of ($733 thousand) for the nine moths ended June, 2010.

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