Telkonet Inc (fka TKO)

[Walrus]

Huey, To clarify & amplify.I intended to say that 4th qtr 2006 will be a substantial increase over 2005. I agree with your comments re 3rd qtr 2006. Next, for a definite fact IMO they have cash till years end & beyond. I do not believe that a private placement will be at all required. TKO is definitely not financing the inventory buildup on 10s of thousands of chips. their partner will do this and I understand that production is ramping up weekly. GLL is not correct on the #s, TKO should do about 60 million in 2007. This revenue IMO and others is that with their markup this will result in a net profit of 35 million or $.70/ share at a 20x multiple this is $14pps, and I think this is very conservative. Their income & growth will compound monthly and a 20/25 multiple is possible.