"In an effort to improve its balance sheet and enhance operating results, VoIP, Inc., a provider of VoIP communications solutions for service providers, resellers and consumers, announced today that it has completed the first phase of its restructuring, streamlining operations, reducing its overall level of indebtedness and raising additional capital."
"The company also entered into an agreement with certain investors where they converted approximately $7 million in debentures into common stock, and separately raised $2.3 million via a private placement, providing working capital for the continued development and marketing of its VoiceOne suite of services."
Seems strange at this juncture to be restructuring AND building out in a market that is flat. I mean, VoIP minutes are buckets that just move around. One day they are with WilTel, then L#, then GX, then Qwest, then XO and finally when the company has exhausted all other avenues as well as their credit they may end up at Volo or RNK. But I consider this to be a great time to be selling and marketing. Sell deep into your business right now! That is the key to success.