Advent Technologies Holdings Inc (ADN)

[PhilaDAFFIA]

You're pretty close in your estimates. I believe they have around 7,000 units out, bringing in $50-75 per month in monitoring charges, most in the upper range. The beautiful thing about this company is the recurring revenue. Its a very nice thing to have about 4 million coming in with no additional sales. Also, while I believe some of the units are leased, most are "sold" and are the property of the client. Also, I figure closer to 55-60,000,000 shares o/s. I don't think about .02 per share in earnings is that much of a stretch, which would translate into a pretty nice stock price if anybody knows or cares about them when they get this rolling LOL. Still, these are all guesses and IMHO. The K's will tell.