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Re: Seth Davis post# 2932

Thursday, 04/22/2010 6:01:38 PM

Thursday, April 22, 2010 6:01:38 PM

Post# of 20556
Looks like 8,750,000 over a period of 2,5 years or 30 months.

Therefore, 291k per month.

Imo, at least they're being upfront about it and with new contracts announced of $4.3M and many others in the pipeline, they'll be able to pay-off this expense easily without diluting (if the agreement provides for that option). Hence pps could continue to rise nicely.

Based on expected future revenues of $4,3 announced, a conservative P/E ratio of 10 and approximate o/s shares of 76M, pps should be .56/share

Seems like a decent investment at these levels, imo. This could be a good one.

Add to that, SEARS & STARBUCKS deals & exposure...this could get interesting...