it might make sense for BWAV to own SSVE as it will reduce costs for
customer service, technical support and back-office  work with its
centers in the Philippines. I bought a few shares of SSVE just in
case, it seems very undervalued. What do you guys think about the
potential for a deal?

I have to show due credit for consistency in operational results.

Too bad that consistency is maintaining a $1 1/3M burn rate per month.

Well, we know how you appear through 3/31/09.  We are half way to the
next report.  Only you know whether another $2M in burn has occurred.

Honestly, as I stated previously, just the act of these guys existing
at the end of 2009 will be a triumph.

That said, could these results possibly have been worse?  Seriously, I
guess the original and even the revised business strategies were
duds.  However, 2008 was essentially a complete waste.  No traction at
all and any prior standing was completely tossed away.

So the company was handed over to these knights in shining armor and
their $22M, but the burn rate is better than $1 1/3M a month.  That a
lot of NOT web-clicking.....

Well, in addition to these 3 caballeros with the chunks of change, you
managed to rope in the bank with effectively at the money warrants.
So you give them free upside for some capital, but really what is that
line worth when you burn through so much cash.

I have to hope somewhere among this bi-coastal mass of Crackberry/I-
Phone brains that someone actually has some ability to project a
saleable value prop.

What a waste!  Survive please......

Interesting that Qatalyst worked on the deal......while I would chalk
that up to pathetic hubris or mere desperation on your part, it speaks
volumes that they passed on GOFH.  The only issue here is that maybe
their terms were even more draconian that the cast of characters you
lined up for the $22.5M.  I am tempted to qualifiy my prior tepid
praise.  You guys kind of gave yourselves a backhanded black-eye and
paid through the nose for it.......yuck.....

Let's be clear here......fully diluted shares have now increased at
least 10X-12X...I can't be bothered to do the math, because it is
irrelevant anyway.  So just to get this sucker to $1, you need to have
an enterprise value of $250M+......that would be quite a trick.....all
you need to know is that Google is getting smacked around badly, so
this revenue model is under serious pressure.  I think at this
juncture, just to survive 2009 would be cause for a standing ovation.
Any meaningful growth generated in the next 24 months (i.e. taking
share or creating a market) will be hard fought.  Bad time to be a
development stage company, but at least they took out the debt
albatross.  Seriously, GOFH must be promising (regardless of the fact
that they just handed over the company) because death is anon for all
these types of companies.  You will have my admiration if you are in
place to be harassed on January 1, 2010.

Good luck.

But you know what?  I'll take it.  It beats going to $0.00

Well done guys.  One caveat:  Febreze, do us a favor and fade into the
background - OK?  I don't care how much stock you own:  #1 Freeman is
an actual person; #2 you are diluted to hell now; #3 it's your parents
money anyway......

Reacting to this morning's release and based on something I posted 3
months ago, it means that we can ignore this stuff.

Regardless, I am pleased with this Freeman guy.  It is far better than
the prior guy who offered nothing in the way of a public presence, and
anything is better than the sweaty, nervous, in-need-of-diaper change
Febreze, and his junior investment banker hubris.....

Keep going...you have a free pass for the rest of 2008.

From:  chicagofina...@yahoo.com - view profile
Date:  Tues, May 20 2008 11:24 am
Email:   chicagofina...@yahoo.com

I apologize for being blunt, but you sound rather naive and clueless.

The $657,000 revenue is shocking in its limited size.  However, in
the
filing Febreze et al. have laid out a path to a ramp up in the
magnitude of this metric over the course of 2008.  There is also a
clear explanation as to why the numbers are what they are (i.e.
cyclical nature of advertising spend; how many clients were locked-
and-
loaded to clock revenue during the quarter; lead time necessary for
sales force to queue up clients).

Other items of note:  increase in liabilities due to clear pattern of
not paying cash for bills and booking the payable; as of the date of
the filing, they had a bunch of people waiting for their money.....I
assume this issue was just a matter of timing, as they issued a juicy
convert on 4/18 that pushes out cash requirement into 2010 etc..

The issuance of the convert was important, because they had
convenants
from the June 2007 restricting their ability to incur further debts.
I am not going to bother analyzing things, so I will just assume that
the June 2007 debt holders are appeased or the April 2008 guys are
subordinated.  Either way, it is a positive sign that there were
people willing to go into their pockets to fund this enterprise (or
boondoggle depending on your perspective).

The ultimate conclusion is that the 10-Q provides three messages.
First, the market (implied by the price action) is impatient and the
fast money is gone.  This filing implies nothing is happening in the
immediate future (i.e. 2008).  Second, these guys can get money if
they need it for now, at the expense of diluting shareholders.
Honestly, I don't care because a $0.25 stock is better than zero;
Third, these jokers should find a way to get to cash flow neutrality
ASAP.  Bear in mind, $8.5-11M in 2008 is nothing....they need to be
$15M-20M.

I am not trying to be a jerk.  Bear in mind that they are starting
down serious financial issues, the clock is ticking, and we are in a
credit crunch and possibly a recession.  Febreze et al. are living in
a bubble out in SoMa....so he can take his CNBC debacle and Web 2.0
nonsense and go whip the troops.

I am actually impressed by this new guy.  Anyhting to get rid of
Febreze as the public mouthpiece......

Godpseed to the new guy............

I apologize for being blunt, but you sound rather naive and clueless.

The $657,000 revenue is shocking in its limited size.  However, in the
filing Febreze et al. have laid out a path to a ramp up in the
magnitude of this metric over the course of 2008.  There is also a
clear explanation as to why the numbers are what they are (i.e.
cyclical nature of advertising spend; how many clients were locked-and-
loaded to clock revenue during the quarter; lead time necessary for
sales force to queue up clients).

Other items of note:  increase in liabilities due to clear pattern of
not paying cash for bills and booking the payable; as of the date of
the filing, they had a bunch of people waiting for their money.....I
assume this issue was just a matter of timing, as they issued a juicy
convert on 4/18 that pushes out cash requirement into 2010 etc..

The issuance of the convert was important, because they had convenants
from the June 2007 restricting their ability to incur further debts.
I am not going to bother analyzing things, so I will just assume that
the June 2007 debt holders are appeased or the April 2008 guys are
subordinated.  Either way, it is a positive sign that there were
people willing to go into their pockets to fund this enterprise (or
boondoggle depending on your perspective).

The ultimate conclusion is that the 10-Q provides three messages.
First, the market (implied by the price action) is impatient and the
fast money is gone.  This filing implies nothing is happening in the
immediate future (i.e. 2008).  Second, these guys can get money if
they need it for now, at the expense of diluting shareholders.
Honestly, I don't care because a $0.25 stock is better than zero;
Third, these jokers should find a way to get to cash flow neutrality
ASAP.  Bear in mind, $8.5-11M in 2008 is nothing....they need to be
$15M-20M.

I am not trying to be a jerk.  Bear in mind that they are starting
down serious financial issues, the clock is ticking, and we are in a
credit crunch and possibly a recession.  Febreze et al. are living in
a bubble out in SoMa....so he can take his CNBC debacle and Web 2.0
nonsense and go whip the troops.

Guys check the 10Q very interesting, we should see some movement
tomorrow.
The revenue is up to 657,000 from 24,000 last year. Thats good news I
guess
Projected revenue for the year is in the range of 8 to 11 million
Any comments.?

Can you say, life support?

I warned the board last year that the economics are bad -- GOFH is
plowing through money like there is no tomorrow - and the marginal
increase in revenues does not come close to compensating for the large
increase in expenditures.

Last year around this time they got $10 million in private financing.
Now they can only get $1 million.  Funds are drying up and few
companies are foolhardy enough to lend GOFH money in view of their
disastrous record.

The CEO and others are just bleeding this turnip dry for all it is
worth.  However it seems that bankruptcy at this point is a question
of when, not if.

I fully endorse the incentives and protections accorded the investors
in this move.

Expensive money for the company, but if you guys manage to pull this
out, or else sell yourselves out, you deserve the coin.

You are making the strongest personal endorsement of this company
possible, and as a shareholder, I appreciate this public display.

Am I this good, or was I just stating the obvious in past posts?

http://biz.yahoo.com/e/080421/gofh.ob8-k.html