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Thursday, June 30, 2011 3:30:02 PM
Doesn't matter that these same chargers can be bought in bulk in China for probably 10.00 a piece.
Steve Jobs likes Chin and decided to give him the business at 5X the cost of the competition, because he is excited at SNRS's product pipeline and wants to make sure he has 1st rights to the headphones, ipad and ipod products that SNRS has both the patents on and exclusive rights to market those products.
That's also the reason Job's is giving SNRS 300 million in financing.
Chin took that 1st traunch of funding and has already bought back 20 billion shares to maximize shareholder value for the shareholder's who have been loyal to the Company and shown patience while they have been executing their business plan.
That is why Chin's declaration that this stock is worth .01 or 300 million dollars is very conservative. I think FXSHO's prediction of .05 is closer to the true value.
This Company is definately worth 1.5 billion dollars.
Don't let the fact that we have generated only 70 dollars in revenue over the last 3 years,(Laxnut's purchase)get in the way of your dreams of riches, new cars and beachfront property.
There will always be haters and naysayers, but the true believers will be rewarded beyond their wildest dreams.
STAY STRONG SNRS BELIEVERS AND SUPPORTERS
To paraphrase some of the faithful, who for whatever reasons are no longer able to or embarassed to post.
TO DA MOON
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