back from the southwest--so I haven't been around email too much over the last week. There has been some great, intelligent DD going on here in anticipation for BUNM's next move. I am still optimistic, however more realistic than I was several months back. I do think the company is looking at the long-term and isn't rushing to put something out that is not functional or worse legally problematic.
There is really one chance to get it right and accelerate growth in a major way--so I believe CEO and management are taking their time for a reason. A quick 50,000 additional users that end up unimpressed is not going to beat 25,000 more a month that come back again and again and tell all their friends. We want to capture a new dedicated group of users--the current 1000 beta users are going to be the wave of a new future for BUNM IME more will be coming.
I believe problems in the general economy will not adversely affect BUNM's opportunities for growth. Actually it goes for our favor IME because users will favor more at-home activities especially in dealing with inflationary pressures; going out to eat, gas for social outings etc. Access to the internet has become as essential as paying for utilities.
A number of users here are likely under 16 and frankly are stuck at home more than they would like. They are a great 'captive' audience for hypster and related spin-offs. The younger generation--particularly under 25 group favors internet over other mediums--so I think overall economy will have limited impact--barring economic apocalypse.
BUNM must be functional, attractive and have an ability and reach and more-importantly retain users. If these things can be achieved in adequate fashion then a continual growth curve will be inevitable. As for PPS--I still contend that there is too much uncertainty and lack of excitement thus far for PPS to enjoy either a realistic valuation or even a speculative one.
I honestly feel current PPS levels are ridiculous and that FB announcement will stir things whether it be a conservative or perhaps a major run. I must admit being a bit perplexed about why we haven't moved as of late but the pinkie investor audience does have many distractions and there is quite a bit of financial heartburn to go around these days. Don't ask me to explain the psychology but some people simply don't buy without a certain type of news.
In other words, rather than expecting FB annoucement they are expecting the worst. BUNM still has all the makings of a real company with real potential and yes it is still in its infancy but growth is happening every day! This is significant for any company and especially in light of the reality that most small businesses fail in the first 1-2 years.
Final food for thought:
In March 2007 there was 100 beta users and now there are 200,000 + users
Now there are 1000 FB beta users-- take your pick in the next 10-11 months (Oct-Nov 2008) where we might be--as far as FB users are concerned? The below benchmark numbers do not account for existing user base or growth out of other marketing efforts)
A 10,000
B 100,000
C 1,000,000
D 10,000,000
Feel free to express your preference lol or your prediction in regards to above--where will be in 10-11 months. Pass some more salt...
