CarePay Inc. (SOFE)

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Here's the e-mail response from Steve. Steve's responses are in bold.

After hearing that our projected revenues for 2009 are $67 million, I'd like to get a copy of the detailed projections that are "available upon request". Sure

We really need to hear some more information from the company as to what is causing the projected revenue to jump by more than 30 times the 2008 numbers. Yes, merchant resale is the projected cause.

We've all been lead to believe that once we start reselling fuel (merchant fuel sales) that margins could increase 400-500 percent. Yes, there will be significant change in margin (up) once resale is begun. I believe these were for about 6 months of resale though - we'll just have to wait and see the actual number; but, certainly margins will increase nicely since revenues are based upon the same throughput.

However, what I see from the numbers posted is that revenues are forecast to be up over 30 times 2008 numbers but the margins actually go down. Is there an explanation for this? I am sure our accounting department is being cautious with these estimates, as they should be.

As a long time shareholder who has never sold a share and continues to accumulate, I'd like to hear more details from the company on where we currently stand and where we're going in 2009 and beyond. I expect just that kind of detail in the very near future. But of course, it will need to be properly disclosed to all. To me, it appears as though the company is moving ahead with its stated initiatives, finally. I believe the story is developing, and that more information is imminent.