Why didn’t iExalt fund the Christian Times as anticipated?
A. Right after we came to terms in early 2000, iExalt’s stock tumbled along with the rest of the Stock Market. Then the 9-11 attack added to the challenges of a slowed-down economy. The two-year-old company simply ran out of money and could not raise it as they had expected and needed to cover the high overhead costs of operating a public company coupled with their aggressive acquisition strategy of a number of small, marginally-profitable businesses like ours.
