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Wednesday, August 24, 2011 8:56:06 AM
Revenues doubled with the acquisition.
Acquisition was made without diluting existing shareholders.
4th quarter without doubt will be at least cash flow profitable, and possibly full P&L profitable.
Multiple technology upgrades and growth initiatives are underway.
SEEK is in very early talks with a $100 million potential strategic partner.
Hundreds of millions of dollars of private investment capital are now flowing into this industry sector.
SEEK recently reduced debt by over 50% and will be totally debt free by the end of 2012.
SEEK will begin share buybacks as soon as feasible. The buyback is already in front of the board members.
SEEK is on the verge of its "hypergrowth" phase. These are Scott's words.
CEO owns over 1 billion shares personally.
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