I don't want to rain on your parade Stox, because I tend to like your posts, but let me interject just a little logic in there for you and others of the board.
Simply put, is is very unlikely that this company can achieve a market cap of better than 2B dollars RIGHT NOW considering even the best of estimates for this fiscal year's income.
Using the most recent share information from the 10Q at $4 a share that would give this company a market cap of 2.8 BILLION dollars. You would be hard pressed to find any company which has a market cap of 288X it's net income. Now we could go ahead and estimate FY 2010 net income at say 50M, even then the stock would be trading at 57X it's net income.
Just for reference I will use a blue chip stock MSFT. In their last fiscal year they have 17.6B in net income. Their current market cap is 207B. Which means their stock is trading at 11X Income to Market Cap ratio.
All in all I'd say SPNG is going to have to take a different route if they really want to get their share price up to $4. Buybacks are fine but they can't effect the public float with RME buybacks and even assuming they were to buy back every single RME share that would still leave the company with a float at 300M to 460M depending on which site you are looking at. Even at those numbers would give a market cap of 1.2B.
Not saying SPNG can't get there, just saying the road ahead to that number won't be quick without certain actions by the company, some of which could be detrimental to stockholders positions in the short term.
AI
