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Re: Pass the Salt post# 31502

Tuesday, 05/11/2010 3:16:57 PM

Tuesday, May 11, 2010 3:16:57 PM

Post# of 36270
Not to disappoint you Salt, but I dont think a buyout is going to happen here anytime soon. Dont want to get your and the board members hopes up but I do not see any signs of a buy out. You guys had the same feeling when this hit 1 million and then 1.5 million. Now at 2 million, buy out talks have started again.

I feel strongly that there will be no buy out. Too premature. I think any serious investor would like to see at least a minimum of 5 million subscribers/members over a sustained period of at least 5 years to take it to the next level.

And before you question me, I work very closely with angel investors so I know what I'm talking about. All I see happening for now is organic growth for the next 3 years till we hit 3 or maybe 4 million subscribers. Then I think we will be in the serious business of a buy out.

All this can change if Michael has some "serious" plans to take this to the next level. IMO then the pps will adjust itself accordingly. Until then back to 0.0001 and no bids for a while.