back to article Crossroads Systems takes wrong turn. Is it running out of cash?

It isn’t pretty watching this. Poor beleaguered archival product vendor Crossroads Systems reported even worse results for its second quarter than its dire first quarter, as well as a diminishing cash balance. Crossroads_Q2cy2015 Crossroads Systems quarterly revenue and net income. Moving average trendlines added. …

  1. Anonymous Coward
    Anonymous Coward

    Running out of Cash?

    That’s $3.3m gone in a quarter. At this rate it will run out of cash in Q4 and that will be that, game over, unless it gets the rights issue cash.

    That hasn't stopped SCO from continuing its case against IBM now has it?

    El Reg should learn that the only way to totally stop a lawsuit in the US is to Win them in the Supreme court or to buy the company bringing the lawsuit. Even if you win in the USSC you probably won't be able to get your hands on the damages awarded.

    The state of litigation in the US means that (IMHO) it won't be too far in the future that you will be advised to employ a $500/hour lawyer just to advise you where to put your feet when moving from your huge Mega SUV to the Fast Food emporium. Just in case you step on an ant and some animal rights libertarian sues you for a gazillion $$$$ bacause of your blatant animal cruelty.

  2. Anonymous Coward
    Anonymous Coward

    I guess, they are

    at a Crossroads.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

Biting the hand that feeds IT © 1998–2022