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Tuesday, April 12, 2016 11:25:54 AM
1) They bought out all the convertibles apart from one.
2) They've all been given pay rises. 8K from January or thereabouts I think?
3) Apart from all those above expenses, CEO has said they still have enough money left to keep the company going for years - years in the plural so more than one, but AT LEAST TWO YEARS.
Most likely, in my view, enough to keep the company going for three years.
If the company hasn't been bought out in that time, the sales will have taken this nicely into dimes MINIMUM if not back higher than that.
Don't forget they previously sold 4m units at $30 = $120m in revenue.
Now they're already selling the product for mobile devices on iTunes for Apple, and Google Play for android devices!
Don't forget a very simple valuation of a company is a multiple of expected future earnings or potential future sales.
EVERYONE who takes money online for ANY PURPOSE WHATSOEVER AT ALL needs this technology to really drastically reduce fraud.
Only way hackers can get round it to hack the website of your credit card company, and then clone your mobile phone.
That aint gonna happen. Not in my view!
My post are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor. Kind Regards.
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