Bio: My comments were generally addressed to comments about the residual value the stock of a company that is struggling and is hanging on for dear life. My comments, in essence, were to convey that such a stock would not command a premium absent other interested parties or clear profit potential. I read the same company PR about the $55M "contracts" though it is not entirely clear, to me, that included in the $55M agreements to agree rather in addition to legally binding contracts. But assuming (bad word) that they are hard contracts that will generate hard cash, BSTI's take is not going to be 75% that will go into the company's net worth. At best, from the $5M, only $2.5M will go to costs of doing business and other expenses. At current or last quarter rates, it could be more. But lets forget that for now, lets say all 100% went into company net worth. The $55M divided by the 60M shares provides about 96 cents per share value should all $55M come in one year (wow fantastic savings in overhead). If it comes in at a modest and more liking ramp up, say $5M a year over time, the share value goes down to 8 cents per year. Incidentally, MultVest (or is it VectorVest) lists BSTI's value at 2 cents. Back to BSTI, the difference between the 8 (or 96 cents) and anything higher would have to be goodwill such as generated by the type of activity "carrot" eloquently wrote. I like the prescription for growth.
I don't know what other products are in competition with BSTI's product and my hope is that BSTI is well established before any do command attention. I do not believe that BSTI's current patents will be the leading edge technology in anti microbials forever or even into the next decade. For that reason, my belief is that getting started now is a barrier to competition and product sales, lots of sales, will provide net income for renewal or development of other technologies. Makes sense too. Cost now will not be a deterrent forever. We are not talking about building airliners, jet fighters, or automobiles. I remember my first hand held electronic calculator. It cost about $375. Now something better than that goes for $50 or even less. Technological advances and mass production made the latter possible.
None of us want KBSI to sit around waiting for customers to come to our feet. It is better for BSTI to go to their feet and convince them that BSTI products are worth using.
By the way, Bio. I don't think we disagree in the essentials and hopes we have for BSTI. Mine are just as strong as yours. I want to be realistic as I look at the data. One measure of realism is that if we truly have a $55M revenue backlog why are the shares trading at only 14 cents? Surely, with that kind of backlog the logical assumption (bad word again) is that new business will pile up on top of the $55M in, as carrot says, an exponential growth through uses of KBSI product. The knowledge of BSTI product uses would spread like wildfire out of Narcoss, Georgia, east, west, north, and south? However, even wildfires have natural barriers and BSTI's barriers seem to be around Narcoss, Georgia. If knowledge has spread people do not believe it or do not appreciate the potential to a healty life the products could bring. I by the way, believe in the potential though at times I question that we are positioned to take that potential to fruition.
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