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Business News Digital
Spiralfrog speculation
By CMU Editorial | Published on Friday 27 February 2009
There could be some job losses coming up at US-based ad-funded download service Spiralfrog, though gossip to that effect seems to be linked to reports that the company has some big loan repayment commitments coming up.
I think I’m right in saying that if Spiralfrog can’t repay its loans it will have to hand its lenders equity. Assuming they’d want it. Execs at the firm though seem to be suggesting the upcoming repayment commitments are routine and should not impact on the company’s operations.
