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Kitazo

03/10/09 2:02 PM

#67763 RE: adkmoves #67759

I think that was an excellent letter from Eric. I have corresponded with him several times over the last couple of years and he has always responded with this same kind of thoughtful and well placed logic. You longs should feel really good about holding and aquiring on the drops with this kind of leader steering the ship.JMO

adkmoves

03/10/09 2:03 PM

#67764 RE: adkmoves #67759

Key notes from the email IMO:

Furthermore, it should be remembered what even one million dollars represents in actual consumer behaviour – and why the firm’s progress from a much lower starting point upward through the first phase is by itself noteworthy. In a very basic approximation, one of our products is now being purchased by a consumer somewhere approximately every 2 minutes during the extended business day, throughout the year. The U.S. market is still in its very early stage of development – thus this figure is only going to accelerate.

Our cost of goods sold is in the normal range for well managed manufacturing operations of approximately 50%, of the wholesale price, bearing in mind that our raw materials are of a higher calibre than the typical cleaners.

It therefore all boils down to the question of what a firm with all this potential is worth? Is it worth $7 million? There is not the slightest doubt in my mind that this is very low. The manufacturing/distributor/retailer relationships that are being put into place constitute a pipeline to the consuming public. This pipeline has a throughput capacity of more than the $100 Million+ characterized as the most advanced phase presented in the FAQ.

lightbeam

03/10/09 3:24 PM

#67792 RE: adkmoves #67759

WOW! Got ta save that post. Eric is in a class above the rest and thank you so much for sharing that. Sure makes me feel good. Been busy will check back. Made my day. :)

Soapy Bubbles

03/10/09 3:37 PM

#67799 RE: adkmoves #67759

Added to the Wiki,

Cougar40

03/10/09 3:51 PM

#67805 RE: adkmoves #67759

Current valuation... Guess this will double when Lowes comes on board.

In a very basic approximation, one of our products is now being purchased by a consumer somewhere approximately every 2 minutes during the extended business day, throughout the year. The U.S. market is still in its very early stage of development – thus this figure is only going to accelerate.

captain_ameritrade

03/10/09 10:35 PM

#67886 RE: adkmoves #67759

I must admit this CEO can really put his thoughts to paper(e-mail) man, despite what you hear from a few here you really got to like your chances of success with this stock.
Purchasing little week by week...i love it.

lightbeam

03/11/09 1:14 AM

#67903 RE: adkmoves #67759

Eric said all here IMO.


You pose several questions and they will be more fully addressed in a revised FAQ section in due course