“Troubled Corel Corp. could face a new cash crisis later this
year.”
“The software company revealed in a filing with U.S.
regulators that it expects to spend about 75 per cent of a new
$28.5 million lifeline by the end of September.“
“It said that if cost-cutting and new revenues fail to produce
anticipated results, it may have to dip into the remaining reserves
to meet operating capital needs after Sept. 30.”
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