EIGH Q2; as expected, I am thrilled about >200k in pending deal pull-through for SkyVilla Realty in addition to the 150k in booked sales. Because these pending deals cannot be recorded as sales until they close and fund, this year should be slightly backloaded. This is a healthy backlog, a great sign for a growing business.
Additionally, Thomas Kelly's operating focus for the remainder of the year is correct. He has set a high bar (5mm USD annual run rate) which puts CAGR at somewhere north of +10,000% by my calculation. The unrelenting emphasis on shareholder value is unmatched by his peers, and I'm looking forward to watching this investment grow substantially in 2010.
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