LightSquared running out of cash

LightSquared could run out of money during the second quarter of 2012, according to the company's financial statement. LightSquared, which registered a $427 million net loss during the first nine months of this year, may not be able to "continue as a going concern" unless it can raise additional capital and financing, the statement reviewed said. "There is a need to raise substantial capital beyond the beginning of the second quarter of 2012 in order to have sufficient liquidity," the company's statement said.