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Re: iancassel post# 713

Saturday, 10/02/2010 10:49:08 AM

Saturday, October 02, 2010 10:49:08 AM

Post# of 5961
hey Ian...i was expecting about 2mm new users.

right in line with their growth rate. 45 million by Oct.

2011 and over 50 million users by yearend 2011. This may

be a tad conservative because i expect a monthly add rate

of about 2.5 million/month by mid year in 2011. So, if this

occurs then QPSA could have about 55 million users by yearend

2011. Using the Ladenburg Thalmann valuation chart on page

17 of their report, a 55 million user base (@ $15/user) would

translate into about $26/share sometime toward the end of next

year.