It appears that Starbase -- vendor of the "eXpressroom" CMS package, among other products -- is running out of cash. Here's what the company said in its July, 2002 SEC filing: "Management believes, based upon projected operating needs, that our working capital is insufficient to maintain our current level of operating activities through March 31, 2003. These factors, among others, raise substantial doubt about our ability to continue as a going concern." Since then, a long-planned rescue in the form of a private-equity placement has fallen through. The company is gamely issuing new marketing statements, but we wonder whether the next section in the Starbase book won't be Chapter 11 (reorganization) or Chapter 7 (liquidation)...
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