New member here. I've been a shareholder for a few weeks, have 1 million shares at an average of $0.0098.
I've been scanning some of the posts here the last week or so, and there are some excellent ones.
As for as profitability goes, if we really do turn profitable sometime in 2006, that would be outstanding!
I haven't had a lot of time to do in-depth research, but this is just a rough estimate to promote further discussion:
Let's assume total outstanding shares at the end of 2006 of 1.5 Billion. Let's also assume that the national Circuit City roll-out proceeds starting in January at 55 stores per month.
Let's assume that each store adds just 1 sub per day. Assuming we have 4000 subs right now, this would give us more than 100,000 subs by January of 2007. Adding the subs that we get from word-of-mouth, which will be HUGE, we have the potential for 200,000 subs by the end of next year. Then assume 50% growth bring us to 300,000 subs by the end of 2007. Figure yearly revenue of $120 per sub would give us annual revenue of $36M. If we can turn that into $7.5M in profit, that's EPS of 0.5 cents. With a 40% growth rate and a PEG (PE to Growth rate ratio) of 2.5, that would give a stock price of 50 cents!
I know I made too many assumptions and probably many errors also. I'm sure some of you that follow the company more closely can correct these.
The main point is that this stock has the potential in 2 to 3 years of being a 50 cent to $1 stock.
Mike
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