Martin just wrote in his blog

“(…) At Fon we are still losing money but losses are coming down fast from 1.2 million euros in October of 2007 to 310K euros in October of 2008 to do a month to month comparison. (…)”

If you read Fon’s revenues which I wrote in May/08 and I suggest you to read FON Raises $9.5 Million - To buy their grave? too, you will recall that he wrote:

“(…) Cash burn which was over a million euros during December was down to 480K euros in April and is going down to 350K euros in June (…)”

I also predicted this:

“That was fast, 18 million Euros is gone in around 24 months, I really though it was going to last more, only solution, more investment, this time 1/3 of the initial investment, 9.5 milion dollars, why it’s announced in dollars and not Euros like the last time? Fool me! It is 6 million Euros, around 8 months of happiness.”

If cash burn is really down to 310k, we still have around 12 months until the next round of investment.

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