Do you think IAM will raise capital soon?
There is only 1.6M cash left, with outflow 0.8M/quarter.
There was not much development cost but with pilot program is ongoing, they need cash to run software development again.
Look at their software screenshot, I do not think it is complicated or expensive to develop further, could be outsource/offshore developed in Philippine at the same place they run advising center, thus reduce further cost as software user and developer can talk and share same background.
However, to accelerate development and have first to market advantage, any cash is very welcome. I would love to see IAM able to raise $10M from intos when the share price still high.
Disclosure: I sold mime to to fund personal situation but looking to buy when my salary is paid.
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