Monday, May 14, 2012 7:40:46 AM
I agree completely with your assesment of Gers I would like to also add a few facts to the mix of things. Looking back in 2010 we had an income of just over 7 mil. In 2011 we had doubled said income to 15 mil. Looking forward projected conservative revenues look to be up about 133%. Yet this has yet to be discussed much. This revenue excites me very much so the only other company that I can think of with this kind of growth is facebook.
With q10 due any day now we are expecting to see a revenue greater than that of all of 2010! And revenue this year is projected (using petalmans spreadsheat as a refrence) to be up 500% from 2010!
Yet I read post that say we are only going to pay 1.8mil this year. Well maybe so maybe not but if that's all we pay then I expect a flood of cash to start coming in as the income will allow them to actually grow exponantially. So if this is the case even payiing the bond of 5-10 mi. As some figures have suggested we should still have plenty of cash for this growth.
Growing like this with those type of conservative revenue estimates we could expect to see revenues tople our estimates on the spreadsheat. Perhaps 200% growth. That would put our revenue at 45mil. With a 45mil revenue tell me why we couldn't pay yagi off!
Weighing this in the balance I would be disappointed if we actually made multiple payments of 1.6mil throughout the year as a 45 mil income would be more than enough to pay yagi off in full at the end of the year. And to reach those levels we would only have to add an additional 10mil revenue throughout the remaining 7 -1/2 months. No problem for Gers IMO! GLTA!
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