Seaniemac International Ltd (fka BETS)

[bornlong]

Braden - interesting proposition and very possible. If COPI has a good quarter we can conclude that Verisign is having success with the product.

What would the value prop be from Verisign's perspective? (data from IHUB quote link)

1) COPI revenues 800k for 6M or ~ 1.6M for 12M.

2) Verisign is 80% of their business or $1.2M.

3) COPI margin is 50% or ~$600k

4) If purchased, Verisign would realize an immediate savings of $600k.

5) COPI's current market cap = $486k;


If purchased, Verisign would realize an immediate savings of $600k while COPIs market cap is only $486k. Keep in mind that Verisign would have to purchase all the the O/S to have control.

A more detailed analysis could be done here but clearly COPI is undervalued (trading as < 1x revenues). Some cash flow and it's off to the races. COPI's management thinks they can do and they've put their money where their mouth is by deferring part of their salaries.

They wouldn't do this if they didn't believe and they wouldn't do it for long. I think they will have a great quarter.

Go COPI.