Monday, April 12, 2010 8:35:53 PM
Stock breaks through $0.30 this week and should stay around that level for awhile. Looks like the NAB loves the products.
If orders start coming in fast and news gets reported weekly especially on new orders, it could test $0.50 before the earnings report. The products are being sold to schools, theaters, concerts, cafes, hotels, mobile content providers and mobile users, etc.
They had a $3.5M quarter of last year. With the new products and the excitement generated at NAB over the products, these factors will likely translate into much improved sales. I expect they will likely do $5M per quarter or more. With 88 employees, they should turn a nice profit and the stock should easily get to $1.00 by the end of the year. If the international sales continue to grow in India, Asia and Europe, the PPS will rise rapidly. The economy is an important factor. It must pick up some steam for all this to come to fruition. Getting to your magic $2.00 mark will require the company post sales figures in the coming quarters far in excess over what has been stated here.
The good news is the product is fully developed, works and is getting very positive reviews. How many penny stocks have host of viable products that are in demand. At 24 cents this stock is a bargain.
JUST MY SIMPLE PERSPECTIVE!
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