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Re: BeachBum post# 16627

Thursday, 01/03/2013 4:07:09 PM

Thursday, January 03, 2013 4:07:09 PM

Post# of 194796
I agree with you to a certain point. Right not there is no reason why they should be returning value to the shareholders with a share repurchase plan. Their capital will be better invested elsewhere IMO. Also with a sudden increase in revenue and potential revenue volatility then the LOC will be helpful.

But I agree that the "2.4 million in the pipeline" is a over estimate. From what we saw with another company MusclePharm they started off with less than 2 million in revenue in the first year. I think that we may have up to 8 million in revenue this year at best. (I am just guessing, but based off of the LOC this seems like a good assumption) I think the 2.4 million was just a pump statement to boost stockholder confidence.