Only the strong shall survive in this gloomy economy and it looks like Palm is going to do everything it can to stay afloat until the release of the Pre and the webOS system. Companies cannot continue their operating efforts without a solid flow of capital to sustain the business. In an attempt to gain more capital before it comes out, Palm is exercising its right to remarket shares held by private equity firm Elevation Partners. It looks like 18.5 million shares of its common stock, worth $105 million, will be remarketed to help pay off $49 million they owe Elevation Partners. Once that is taken care of, any net proceeds will go directly to strengthen Palm’s capital position for the inevitable launch of the Pre. It’s do or die now for the pioneering company, but we are sure that the new operating system and phones will bring them back to the top. 

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