I think you need to factor in the state of the national and global economy. IME hypster.com simply needs to survive to the point where a cash-rich player or equivalent buys us out and takes this to the next level.
The above scenario could take months or it could take until late 2009 or 2010. Hypster.com is not immune to current economic conditions. Everyone from google to the little lady next door is affected.
Many promising businesses fails because they run out of cash/credit and hence don't attain any staying power. Hypster.com is demonstrating staying power and every user does = value whether one believes it to be $1.00, $5.00 or $10.00 value is building here everyday.
If economic conditions were better this would have likely already run to .0050 + but with the reality of frozen HELOCs and banks slashing credit card lines it does tend to diminish speculation in these penny markets.
Do I spend the $1000 or $2000 on the mortgage or does one procure more BUNM shares. For most investors right now, I would suspect that the very conservative answer is quite easy (at least until this starts running).
In some ways, current economic conditions favor the growth and perhaps acceleration of growth of hypster. Why? because barring people canceling their high-speed internet services hypster.com offers free internet music services and that will be more of a premium in the next 12-18 months as more people financially will be surfing the Web rather than dining out or going to the movies or perusing the mall.
Those that survive this downturn are going to emerge out the financial ashes stronger. As this economy goes--so will BUNM/hypster.com
I am hedging my bet that hypster.com is on the front wave of the present and future digital music revolution. The old players are dying on the vine but a service like hypster represents the future of music artists, distribution and procurring a loyal Web audience.
Management is building this out quite judiciously but 720,000 + users sure has more value than 0 and sooner or later someone with deep pockets is going to be intrigued with taking this to the next level and will salivate upon purchasing a thriving entity with a potential for multiple income streams with appealing demographics. Everyone wants the attention of the 12-20 year old crowd: aka the current and future consumer(s).
Hypster.com/BUNM is one major music celebrity endorsement or buyout offer from a major PPS run.
