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martingale

07/30/07 7:31 PM

#21394 RE: Gbathat #21393

TY gbathat, the company would need to be generating $37.5M in new business for
December 08 to have a rev. projection of $450M for 2009. To grow that fast based on my experience is very difficult to do.
Lets say they do $100M in 2008, $200M in 2009, $300M in 2010
and exit that year at a run rate of $450M. That is more likely in MHO.

I have seen too much of these wild predictions on pink sheet
stocks and even the bigger boards to not be a bit more cautious here. They will need many more people to staff the
operation and larger facilities. Growing pains are numerous
and unexpected, it does not happen in a straight linear curve
if you have ever been thru it and I have at Advanced Micro Devices.

The realities of running that large of an operation are enormous and it takes alot of talent to do the job. IMHO,
more than they have now, but that will change from month to
month as they firm up their projections. But it takes some
history to make these changes, it does not come overnite in
a truly successful company.

Over the next 3-5 years this company will undergo many changes. Do not expect them to do this in 1-2 years...it is
not realistic and customer service and quality control would
suffer and we don't need that.

To my knowledge none of the people at SPZI have ever actually
run a $450M company and that takes skill and experience to avoid the many mistakes which one can make along the way.
If they bring in some top-gun management types then things will change...like their website to be more in tune with what
ninja trader has for example. Their website is very good.

Don't forget people, this is a start-up company moving from
the R&D stage to revenue generation and that transition is
critical to future success. If they hit $1 per share in 2008-
2009, they will still have growing pains...this takes time.
Lots of time and lots of meetings and memo's and hardwork.