ADAT:NASDAQ $1.47 +$.22 $5 Target
Noone knows the Veteran Administration contract is $122 Million OK, all you math geniuses out there, you better take a close look at this filing because I think it says a lot IF YOU CAN FIGURE IT OUT. I am not too great at this stuff but some things are pretty clear.
I called the VA and they confirmed the contract amount of $230.7 million is for 5 years and they said they arrived at that number based on vendor bids using estimated numbers of patients. This filing is clearly saying ADAT's potential for the 5 years is $122 million - which is over 1/2 of the total awarded contract. 6 companies may be listed on the award, but ADAT appears to be THE major vendor, BY A LOT. Also, one of the major questions I have is that all the PR's and also this filing states the amount is based on the number of units purchased and it also mentions purchase orders from the VA hospitals. No where in any of the releases has it mentioned monthly rental per unit, and we know there is one. I can't remember exactly what Ben said it was, but I seem to recall it was something like $50-60@mo. The VA previously stated in a PR they expected to have 70,000 patients by 2011 and if we are the major vendor, which it appears we are, that means we could be putting out 25 or 30000 units. I am not sure if the stated award includes that monthly rental fee or not, but if it doesn't - that's a ton of money folks -like another $15-20 Mill@ yr or so.
OK, tell me where i am off on this. I figure I must be. One thing for sure tho - we evidently have got a lot bigger piece of the pie than the others. $122 mill out of $230 mill. Since the rest of the pie is divided between 5, it doesn't look like it is even close.Makes you wonder just how good our technology must really be ????
I'm sure some of you can be much more accurate than I am and make more sense of the numbers. I assume at the next CC or the mtg on 5/4 Ben will put definitive numbers to everything and clear up all the guessing, Should be a hulluva mtg.
Romo, always been partial to red. Rating :
