What a stupid place to put an iceberg

So... remember the lifeboat drill? Turns out that it may be more than a drill.

When Swiper was talking about the "reorganization" of the company, he said that he hoped we would raise more funds by the end of the month so that we could move on without distractions.

So... it turns out that there is another reason for getting the fund raising finished by the end of the month - The Mecca is out of dough.

The Sarcastic Brit sent me a link to an article in one of the online biotech trade rags. It turns out that they look at the SEC filings. It also turns out that the SEC filings say that the Mecca will be out of money next month.

I'm not surprised. I am, however a little bit embarrassed because
a) I found from an article a trade rag
b) My wife had already figured it out and wasn't at all shocked or surprised.

The question is - what to do now? Maybe they will raise more money. Then again, when the music stops next time, I could find that the person without the chair is me.

It would seem that once again, the Mecca has applied their most tried and true method of managing the budget: Keep buying stuff but ignore the avalanche of invoices. Unfortunately, people start to get wise to this behavior after a few years. Some people are even quicker, and stop sending you stuff after you screw them only once or twice. Of course, it's really hard to convince the investors that you can sell machines when your vendors won't ship the parts to you because you are a bunch of dishonest weasels who don't pay the bills, but that's just my humble opinion.

Strangely enough, I got a call from a head hunter today. Apparently, there is a company down the road from the Mecca that is in need of the better part of an engineering team. Apparently, they need a VP of engineering, as well as three or four engineers. Strange, but it sounds like MNB's old company. Maybe I should apply.

For now, things continue full steam ahead at the Mecca. Do not board the lifeboats. She's unsinkable. Besides, icebergs and water are really the same stuff... right?