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Wednesday, May 23, 2007 5:28:41 PM
They currently have 2 Billion shares outstanding.
600 million in the float
The most authorized is only 3 billion based on their certificate of incorporation. The number cannot be higher
then this. The market cap is only 400,000 if you take the ask.
200,000 if you take the bid. At the fullest possible dillution just add 200,000.
They currently service approximately 6000 boat slips or resort rooms. They are in the process of installing approximately 4000 more from my understanding. They are behind because of cash flow. They hope to bring on thousands of units a month from my understanding.
Between 15,000-16,000 from my understanding should make them profitable. They are currently working on other forms of revenue to make each unit more profitable. This number should shrink if they succeed on making the units more profitable.
The customers we service I hear are very happy.
The potential bussiness just in the states for the Resort and Time share business is 2-3 million potential spots to install a unit.
From the April press release Insystcom, Inc. (Other OTC:ISYX.PK - News), a firm that provides interactive entertainment solutions and WiFi to the Hotel and Resort industries, today has announced the expansion of ResortLynx(TM) wireless at Plantation Resort, Myrtle Beach, from 300 to 600 units. The performance and acceptance of ResortLynx(TM) WiFi at this well known property has led to this decision following the initial installation
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