Replies to post #41708 on Saean Group Inc. (SEAN)

[Rope swing]

Eleniak, yes I have been buying the stock all the times that I mentioned I did. What I'm saying about the jail side is that it is my personal belief that they are processing between 50 -60million annually (minimum) and so that alone would generate almost $2 million in revenue. If SECURUS was going to buy that portion of their business it would generally be bought at 4 or 5X that number, so my guess is it could in theory be worth up to 10 million. This is just my theory based on information I have compiled over the years. I think GPSI is grossly undervalued and it will soon start catching up to where it should be in value and will get more attention than the ten people here, myself included. This company is so tightly held and I would all but guarantee there is no institutional owners of this stock but rather all private holders.

[Rope swing]

El, to answer your question about the figure I came up with. LawDog has info on how much money comes into these kiosks weekly/ monthly and has posted those figures before. I am figuring that there are about 150 Kiosks deployed throughout the jails that they are under contract with (jails only) so at the very minimum each Kiosk takes in average of $1000 per day, and it could be $3000, but I will figure very low. So $365,000 per year for each Kiosk x 150 Kiosks would be 54,000,000 processed each year. If the average take per day is $2000 then we are at $108,000,000 per year... And so on. Law Dog could attest to at least one Kiosk and the average daily and I think everyone believes that he works in the system. So it's formulas like this I use to determine what I think this company is worth. Since there are no financials to go by I connect the dots. And thanks for the compliment that says I know this business..well I do know a lot about it actually and that's how I found this stock originally. I am a trader on the big exchanges as well and GPSI is the only penny stock in my portfolio but I am confident that it will be performing quite nicely in the not so distant future. I owned GPSI for mny years and have actually bought stock at .0005 and saw that go to .02. That is a 40 bagger... Those types of gains don't happen on the big boards.