Meet Group Inc (MEET)

[ciciagt]

I know a few posters on IHub boards who often reference what Ian Cassel has to say about his investments. This is from his site, and it speaks well of QPSA:

Posted in April 2, 2010 ¬ 11:39 amh.iancassel

"...I deployed more capital this week into Quepasa Corp (QPSA). I spoke to the CEO and CFO this past week and the story is highly unique. I bought an initial position around $2.90, paid as high as $4.00, and now have a pretty decent sized position ($3.35 avg). QPSA is the only way to play the social networking industry in the public markets. As I posted earlier this week, the membership growth continues at a viral rate. Quepasa.com currently is lot like a virtual sports stadium. They are getting people to come to the stadium but there is nothing yet playing on the field. People are coming to the stadium just because their friends and relatives are there. People come to the stadium look around, chat with one another, flirt, some people get bored and leave but most stay. More people in aggregate are entering the stadium then leaving. Now that the stadium is getting fuller the stadium owner is going to start having events to keep people engaged. The goal is to both increase the people coming and to decrease the amount of people leaving. Keep them in the stadium. The stadium owner is also gong to start selling food, beverage, merchandise to monetize the audience/attendees. This is exactly what Quepasa.com is rolling out over the next 60-90 days. QPSA will be rolling out social games and apps (poker, mobwars, flirting apps, etc) to keep people “in the stadium” while also monetizing the membership base. With 12 million members, adding 1.3-1.5 million per month, Quepasa.com will have ~25 million members by year end. If QPSA is successful by year end 2010 in just getting $0.50 per member annually (successful social games average $1-3 per member), that is $12.5m in annual revenue with $5 million in expenses. And if they have 25 million members by year end 2010, how many will they have by year end 2011? 50-60 million members. And what is QPSA can get $1-2-3 per year per member? So you see QPSA’s upside is meteoric if they are half successful in monetizing their membership. With M&A activity in the social networking space valuing networks at $20-60 per member (facebook valued at $50 per member), Quepasa.com (QPSA) is currently being valued at $7 per member ($86m fd market cap/ 12 million members). I believe there is significant upside."
http://iancassel.com/