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Sunday, May 22, 2011 12:32:32 PM
In SRAD's case it's the 9 month old $8 million in projected revenues for either this fiscal year or the next. I find it very strange that if SRAD is on track for $8 million in this fiscal year, that there has been no mention of sales, other than the 8000 figures shipped to Asia earlier this year.
This brings up another acorn to mighty oak situation. LeClerc said he sent "8000 figures" He didn't say he sent 8000 Ningyo Doll type 8" highly collectible figures.
The fertilizer that has been applied in this case is that the 8000 figures will sell in the $50 - $100 range. Does Super Rad only make 6" to 10" highly collectible figures? If so, I can't wait to see those Tootsie Roll / Super Rad candy packages hit the retail shelves.
This is a somewhat tongue in cheek post. My point is that our CEO owes us a lot more information before we can realistically make any evaluations of SRAD's value.
OK, I'm a cynic, but when I see people repeatedly predict ".25 cents next week", my thought is that their flip price is about 30% below that.
Dirty Rotten Flipper (noun) Someone that sells below my target flipping price.
B2B
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