KowaBunga! Inc fka KOW (KOW)

[bohemianclubman]

Guidance -

I think that they just found out that the very nature of their business makes giving guidance difficult. If the company had not purchased the Market Smart Companies, and completed the private placement to fund that purchase as well as Personals Plus, Kowabunga, Ozline and others, the quarterly number just released would have been more than double. At the same time we all know that these purchases will add dramatically to the bottom line moving forward.

By my math, if the purchase of PrimaryAds gets completed, the company will once again turn to the market place for additional funding. So far they have completed three private placements - the first at 1.60, the second at 2.05, and in August they completed a round at 3.50. The last two rounds included warrants. The success of these three placements makes going back to the capital markets a piece of cake. I believe that CGI has purchased 8 (eight) companies since I began purchasing these shares in December of '03. I would not be at all surprised if another eight deals were completed by the end of '05. This company is growing and evolving at a nearly unimaginable rate!