MandrakeSoft to warrant holders: Show us the money (News Forge)

[Posted August 22, 2002 by cook]

News Forge reports on efforts by MandrakeSoft to raise capital. "MandrakeSoft CEO Jacques Le Marois says it is hard to raise money these days. "The biggest challenge we face is the current depressed state of the financial markets." In fact, since MandrakeSoft introduced the increase of capital initiative in May, the Nasdaq has dropped from around 1700 to 1395, a decrease of about 18%. "Even with MandrakeSoft's recent positive financial results and an attractive valuation, most people are difficult to convince. Just two years ago, we could have raised all the necessary funds in only four days with a similar operation.""

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