Leet Technology Inc (LTES)

[Sobek]

In all fairness I want to post some of the growth numbers I'm estimating. Remember these estimates are only my opinion and based on the company's ability to keep leasing units they way they have been.

The estimates have absolutely nothing to do with what they plan on doing with the share structure, TDG's position, or any other stock activity. I've already expressed my opinion and concerns on this for anyone interested to read. (So I won't catch any apples you toss at my oranges Orwell)

For estimates I'm using the base of 2,100 units, a unit cost of $350 each, and gross profit of $165 per unit a quarter. The budget is based on $260,000 a quarter and, interest only payments of $30,000 a quarter, or, principle and interest payments of $66,000 a quarter.

These numbers are only estimates based on the last 10-Q, the current financing arrangements with TDG, and current cost of each unit. They should change as the business continues but they're all I have to go off of now. Royalty payments and compensation increase agreements were not included so estimates may be a little high.

This first estimate is based on interest only payments, staying in budget, and flipping the bottom line back into units. If they do this, they could increase the 2,100 units just over 50% to approx 3,200 in a 12 month period. Within 9 months after that, they could potentially have 6,250 units. That would allow them to use profits to pay off TDG by the end of the first full quarter they have all these units leased which would be approx 24 months.

This second estimate is based on principle and interest payments, staying in budget, and flipping the bottom line back into units. If they do this, they could increase the 2,100 units by 25% to approx 2,600 units in 12 months. Within 15 months after that, they could potentially have 6,400 units. That would allow them to use profits to pay off TDG by the end of the first full quarter they have all these units leased which would be approx 30 months and still within the life of the loan.

You can see the loan works either way with roughly a minimum 6 month window to pay it off or keep riding it. Like I said before, I like the loan itself.

So as we sit now with the current amount of potential financing, this is what I'm coming up with as far as maximum growth potential until they payoff TDG using nothing but profits to continue expansion.

Very solid growth and profit potential in my opinion if its managed right and why I keep hanging around.