Sadly, we are trading around the company's fair market value. Using a simple 4-5X Revenue Model for a Market Cap:
403,000 (in total yearly revenues) X 4= 1,612,000 MC; or X 5= 2,015,000 MC
divided by 2+Billion share OS = .000806 or .001
To get to a dime would require about $40 million in revs at current OS (which we are not even remotely close to) In other words, #1 sell a ridiculous amount of CT's, not these onezy/twozy orders, or #2 drop shares huge (which can't be done without cash from #1).
I am a devout long but I am just presenting the truth: The last 6 months have been about cleaning up Frank/BA's mess. Fred had to cut expenses to curb the printing of shares, which I believe they have done. However, I cannot get over how Frank "convienently overestimated" market demand for the CT's by tens of thousands of units. I never would have predicted O/S quintupling in 18 months since I have been in.
I believe in the possibilities and the markets for the CT and I believe in this mgmt. However, sales are not always given to the "best" product, sometimes, the best "marketed" product and they must dramatically improve on closing some bigger contracts or the PPS will not increase much from here. Is Volvo or some other auto manufacturer on board for next year? IF, and I mean a BIG IF, they get on---this board will be a fun,wild place....
I really think that as far as fundamental elements of the company go, we have hit a rock bottom as a company and that things will improve from here. Technicals on PPS I will not predict, but .001 should be a decent base.
All IMO.
Best of luck to all---
Long and Strong
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