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Worldwide Xceed Group, a New York-based i-shop currently facing delisting from the Nasdaq National Market, said this week that having borrowed all the money it can under a $5 million credit facility and facing payment demands from its other creditors, its “ability to continue to fund current operations is uncertain at this time.”
In a filing with the Securities and Exchange Commission, Xceed said it has spent the past two quarters restructuring: In the first quarter, Xceed estimated it would cost $3.7
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