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Tuesday, September 09, 2008 6:15:34 PM
In any case as I've stated before PPS does not reflect the underlying value of BUNM. This co. is worth far more than .0001-.0002 but this trading pattern is more a matter of what people are willing to pay rather than true value.
It's only a matter of time before this runs moderately or in a major fashion and there's going to be some chasing tail.
IMO the co. is correct to have stated it believes it's worth .0006-.0012 a share and this was stated before 500K milestone was attained.
As for a pertinent comment on buyout from Hypster.com (2008 Business Plan).
"Reality is the property is only worth what someone will pay for it or invest in it so time will tell after reaching more significant milestones in next 6-12 months."
From Summary and Objectives Page: June/July 2008
"Explore exit options for Hypster.com and related properties to realize investment in next 6-12 months."
The above quote should dispel any doubt what the intentions of management are. They apparently see a future where they cash-out and move on to other endeavors or keep building this baby until they get a buyout offer and/or investment they simply can't refuse $$$$$$$.
IME it is doubtful that there will be advanced warning of a potential buyout. IR is silent as is management and I still think it points to a co. that is nearly completely focused on viable exit options. The release of 2.0 should hasten the day for such options as well.
Moving towards 2000 + users a day over old levels is a very good story to tell potential suitors. It shows with upgrades you can organically build this into a significant entity and then additionally--just imagine in 'buying market share' what you can do!
Hypster.com has the potential of being a premier site of its kind with millions or even tens of millions of users.
Finally if hypster.com isn't 'For Sale' then they are more than free to release a PR stating as much.
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