Mr. Rent, the following is an educational matter related to Diva. The following paragraphs have come directly from their 10-Q (although not publicly traded, their bonds force them to file with the SEC). Enjoy the reading:
The Company was founded July 1, 1995 and is still in the development stage.
Since inception, the Company has devoted substantially all of its resources to
developing its VOD system, establishing strategic relationships, negotiating
deployment agreements, carrying out initial marketing activities and
establishing the operations necessary to support the commercial launch of the
Company's VOD service. Through March 31, 1999, the Company has generated
minimal revenues, has incurred significant losses and has substantial negative
cash flow, primarily due to the engineering and development and start-up costs
required to develop its VOD service. Since inception through March 31, 1999,
the Company had an accumulated deficit of $208.4 million. The Company currently
intends to increase its operating expenses and its capital expenditures in order
to continue to deploy, develop and market its VOD service.* As a result, the
Company expects to incur substantial additional net losses and negative cash
flow for at least the next several years.* |
