Mesa Home Resources Inc (MHRE)

[jderaney]

The interview made it sound like FargoTube is on the verge of going viral at least in the Indie Music World. I do see signs of activity on FargoTube especially on the Eddie's Attic tube which now has 112 subscribers and climbing daily. Though, I'm more interested in hearing the next interview with Campbell on the profitability ecosystem they are creating. Hopefully, he can give us an idea of how much revenues they are currently generating from FargoTube or what they are expecting.

If you look at the financials, there was an 800k loss for the year. Over 600k of that was salaries and depreciation. Take out depreciation and the loss is about 700k. Take out salaries and the loss is 200k. Since Frank and maybe Jim are deferring taking salaries, let's just say the breakeven point may be 400k. I believe this year they may be able to do that in revenues. The projected revs for next quarter is 35 - 50k.

Even though the cash situation is bad, it's not critical.