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Cash-flow problems, a depressed stock price and trouble raising capital will force SearchHound.com Inc. to look for a buyer.
In documents filed Monday with the Securities and Exchange Commission, the Kansas City Internet company said it would "seek a merger opportunity with another company with more financial resources than the company currently has available." According to the documents, the company plans to continue "certain operating units" until the merger is complete. Its stock will continue trading under the SRHN ticker symbol. The company said it expected to meet SEC filing requirements.
Full-Text:
[kansascity.com...]
If you would like to read the full-text of the SEC filing mentioned in the article, it's available at:
[secinfo.com...]
