Replies to post #478 on AbsoluteSKY (fka ABSY)

[kvnbrn]

Questions to any ABSY investors. ( not shorts )

Assuming there is a Canada wide roll out and the shares outstanding are around 36 million ( as they told me last Dec ) what would you consider fair value for this company's stock?

I would imagine there have to be other companies watching how well this roll out scales so how much of an effect do you think that will have on the PE multiple?

[Sree]

Certainly Staples are not using an $8 tag ...

for 8 cents pencils & candies and therefore using ABSY tags, it has only a half cocked inventory system. Any good bar coding or cheap RFID tags can do the job as good and well.

The lost of any tag will wipe out any profit made from the item.

For the high value, easy pilfered items, thieves know how to disable them if made visible and in the process, the $8 tag will also gone!

So dream on to gazillion of tags.