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Wednesday, May 24, 2006 10:24:14 AM
$7 million plus cash, potential to have $20 million with GGI funding. They had this cash fo awhile and it seems to me they are NOT just spending it on anything. They seem to have a "PLAN" and our sticking to it. If you remember the previous reports or webcasts about DCs, partners, website etc, they are fullfilling those plans. That is good news to my ear, they are sticking to the "PLAN".
With all the DCs opening up through this year they are gearing up for the holidays. I think by the holidays GZFX will be in a massive advertising campaign similar once all the DCs are open. This would be great!
I also felt that they are working on bringing some big retailer or retailers on board soon, Target etc.
I really would have like to get morew info on how they expect to get more subs through advertising and affiliates, did not really go into detail about this subject.
About the O/S, I do not think we will reach 9 billion any time soon. Only if GZFX signs a major retailer or does some heavy advertising after all the DCs are up and running.
It also seems to me they want to break even or be profitable ASAP. And I think they are doing the right things ot get there.
This is all in my opinion.
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