Subaye, Inc (SBAY)

[bradford86]

actually, i was vice president of the fall 2005 triangle fraternity pledge class. i dropped out.

i'm a sigma nu.

i wouldn't worry about the date on the prer14c. they have 50%+ of voting power at their finger tips. there is no need to wait for any of us common people to put the gears into action! just let them fill out the form, and they'll sign it in a day.

I agree that what has happened to common equity holders in the last 30 days is "not fair".

I’m meeting with the CFO Thursday. There used to be 186M shares. Now there are 274M shares.

And, well… we got $3.8M for it. I still say that the growth potential here is phenomenal. We are still selling for less than book value all dilution included with a P/E < 4.

Remember, Subaye made $5M last quarter. They currently own 70% of that, so take 30% of it and add it to MYST’s income. That’s another $1.5M in income per quarter, or $6M per year if they buy subaye out.

Then you have 2.1M in revenue per quarter according to joe natural http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41092025
This translates to another $1.5M of net income going forward annually.

(2.742+1.5)*4+1.5 in net income per year = $18.468M of net income on a normal annualized basis going forward.

Spread that across 5 Million shares after dilution and reverse split and throw on a P/E of 8

$29.

And then you let the monster grow.

Glen