zimZIM Corporation (OTCBB: ZIMCF)

Today ZIMCF issued a release with the headline: ZIM Corporation reports first quarter 2014 financial results

While the release discusses an increase in the net loss year to year, the Company does report they have sufficient cash on hand:

“ZIM had cash and cash equivalents of $1,258,338 at June 30, 2013 as compared to cash and cash equivalents of $1,591,507 at March 31, 2013.”

Furthermore, the President and CEO gave this explanation of the issues: “As previously reported – our revenues have been impacted by project delays related to our enterprise database software and consulting services” said Dr. Michael Cowpland, President and CEO of Zim.”We are making good progress with resolving these delays and anticipate delivering these projects throughout the remainder of this fiscal year”

This is an occasional trader, although it did have a nearly three million share trade day back on July 22nd.