Like I said in one of my prior posts...we have a SIR1 turnaround story here. Both were teetering on the brink of bankruptcy when an infusion of cash averted the bk route.
I bought SIR1 at .11 even though I wasn't quite sold on their biz model of people paying for radio (still ain't sold on it!). However, I'm 100% sold on PVSP's business model, especially in light of the recent 8.5 Billion transaction for SKYPE (table pounding validation right there!). Another table pounder validation are the Napster and MySpace guys at the helm. All the recent insider buying at 10 cents with options all the way up to $3 cracked the darn table already...too much pounding!
SIR1 has almost a 4 Billion O/S with a market cap of 9 Billion (it climbed from a low of 5 cents two years ago and is currently trading at $2.37). PVSP has a miniscule O/S (last count was 26 million)in comparison to SIR1's goliath share structure, thus facilitating a more rapid ascent in PPS. Heck! even if they doubled the O/S, we would still have a 50 million market cap at a $1.Let that marinate whilst comparing to SIR1's 9 Billion MC selling a business model that the market had difficulty digesting.
As the market garnered more faith in SIR1's business model, their PPS responded accordingly (was a long teething process!). I think the market is already sold on VOIP, so we shouldn't have such a tedious teething process.That 8.5 Billion SKYPE purchase=Full Blown Fangs!
GLTA...I was patient with SIR1 and it paid bountifully, but something tells me I won't need as much patience here:). Something is coming down the pipe with all that insider buying...no brainer here.
