Burned Media Ltd (BUNM)

[Jimski]

It maybe some time given the current turmoil in the markets and the credit crisis. There is no money to borrow to buy out companies and everyone will be very cautious until conditions improve and credit flows freely again. Accordingly IMO I don't expect any buyout or huge stock price move until the company proves itself as a survivor and serious entity to a potential buyer or people interested in making large investments in it. IMO that will take hypster having to get 5 million or more users ( in the same league as project playlist and the other large sites with 5-20 million users) and a Alexa USA rating or 1000 or lower or world rating 5000 or lower. That may take until 2010. The good news is everything is pointing in the right direction as the number of users continues to grow faster and faster and the Alexa rating is going up steadily. As long as this continues ( with inevitable shorterm drops and plateaus) longer term I think BUNM will be ok.
Also the lack of trading volume through most of the last few months is IMO a good thing as it shows they are not having to resort to dilution in order to pay for things like they did last year for upgrading servers etc. It implies that the revenue they are getting off of advertising can sustain them and they do not need to resort to loans or selling stock in these bad economic and market conditions. This increases the chances they will actually be able to sustain themselves to a 5 million or more user base where they will get noticed IMO