Buzz Technologies (BZTG)

[tedbel]

(continue)
Only 5000 browsers have been down loaded . When it gets into the six figures it will be encouraging.

So where is the actual revenue coming from including the projected revenue of over $9 million for the quarter ending March 31st. That's a lot of money and I have no idea where it is coming from. This is seminal. If most of it is not reoccurring then we must look to the new products but so far they haven't taken off.

I was told by Sean that all software development expenses are being written off rather that capitalized. Great but how do they have such a high net profit percentage after writing this off.

I asked him how they expected to pay the salaries of the 150 employees they intended to hire and he said out of cash flow. They made $1.3 million in the last quarter reported and that would finance it together with the projected profit from this quarter.

Bottom line for me is this revenue stream. If it is here to stay then the stock will have a great future and present. If it trails off then we have to rely on new business.