deltathree Struggles Make Us Ask: Can We Help Ya?

delta, delta, delta, can we help ya, help ya, help ya?

Forgive us. Slight SNL flashback. Anyhoo, the question still stands. Wholesale VoIP provider deltathree Inc. is suffering more hard times. The company was delisted from the Nasdaq earlier this year; its third-quarter earnings results were nothing less than dismal (it’s on the hunt for “strategic financing and transaction options” – read, BUY US!); and now it has had to renegotiate the lease its New York landlord.

The new lease agreement gives deltathree $750,000 in short-term working capital, but, really, how long will that last?

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