MandrakeSoft Faces Short-Term Cash Crunch

By Timothy R. Butler | Posted at 12:04 PM

Less than a week before Christmas, MandrakeSoft has been forced to issue a second urgent call for support from users. Apparently, while the long-term outlook looks good for the company, the short-term is not quite as bright. The company has urged those enjoying Free copies of Mandrake Linux to consider supporting the company's efforts by joining the MandrakeClub or purchasing a products from MandrakeStore.

“Our current cash needs are approximately 4ME ($4M USD). This level of cash infusion would resolve outstanding debts, cover the expenses needed to become profitable, plus secure an extra amount to satisfy the needs of future growth. … In order to solve this cash issue, MandrakeSoft has been conducting a Warrant operation since May 28th, 2002. This operation offers an extremely convenient way for current shareholders to purchase shares at a low price (2.1E/$2.1).

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