Well.. many people believe the stock will pull back a little more to .17 That imho would be a great entry point from a pullback of .23 Frankly though, the ProMark deal imho is MUCH more important than anyone gives it credit for.
Read this....Dale Foster, Promark's President, stated of the agreement, "We spent a significant amount of time stress testing the IceWEB Platform. The product met and exceeded all of our technical specifications. We are confident in taking the IceWEB Systems Platform to our Value-Added Resellers (VARs). Our goal at Promark is to increase our revenue by $100 million over the next 3 years. IceWEB's products will be a major element in driving our sales to that goal. The opportunity with IceWEB is similar to what we experienced several years ago with LeftHand Networks. We started out small, but rapidly drove sales in excess of $50M over the last two years. I believe that with a few wins under our belt, we will see similar success with IceWEB. I expect the product to gain traction exponentially in the unified data storage and cloud space."
Lefthand didn't have the "cloud" enviroment and they didn't have the market timing where 80% of businesses now need to upgrade their hardware. They also didn't have a secondary niche for GIS products. IWEB is poised to gain HUGE is this incredibly high gross margin market.
Pick your spot for entry and good luck.
AI
