Pros
The only real positive thing about this company is most of the employees are good people, and the atmosphere is very laid back. No micro-managing which is a good thing.
Cons
Too many to list. Where do you want to start? No 401k match. No raises. Lots of layoffs, and then when they do hire new employees, some of them don't last more than a month or two. There have been some new hires that quit after the first week. They moved buildings, and moved into a space that was far too big for them, and then they were looking to cut corners and save money. So why weren't the people who analyzed the move and failed to do so properly laid off, opposed to the general employees?
And always talking about the potential deal that is going to propel the company to bigger and greater things. They've been feeding the employees that story for years, and they still continue to run in place.