The good thing about BUNM is that we don't really have to depend on TLM to do much more than he's already been doing. He built the infrastructure and now Hypster's got 1.1+ Million users and is growing by over 2400 new users daily. Those numbers are nothing to sneeze at.
He built it, and they have come. IMO, they're going to continue to come. This growth is sustained and slowly increasing.
When TLM saw a problem that might affect his "night on the town money", he filed the appropriate forms and fixed the problem. No, he didn't initially share that with us until FoggDogg made some inquiries from his secret insider contacts and we then found out what he was doing. He didn't just let Hypster fade out. He kept it rolling.
It's evident that TLM wants to keep going out on the town (Lol. Fogg), so it's reasonable to assume that he'll keep Hypster going for the forseeable future. Even though TLM isn't spending loads of money turning Hypster into 2009's premier music service, IT'S STILL GAINING VALUE FROM ALL THE NEW USERS.
Provided that nothing stupid happens in the meantime, somewhere along the line you can bet that some big player is going to want to capitalize on the 2-5 million Hypster users.
Even if this scenario doesn't come to fruition, the company is still going to have huge revenues because the movement to start charging for online music has already begun. Not just to download tha songs- "pay per subscription". Check out "Free Napster". http://free.napster.com/
The first thing you see on "Free" Napster is their $5 monthly fee staring you in the face! Lololol!
They were free at one time but like all similar businesses, they built up their client base over time and when they knew they had a significant number of them hooked, they stuck it to them. Despite all the truly "free" competition, Napster's still around and probably making more than all the other services combined.
Why? Because they already had a strong user base and though they probably lost a lot of outraged clients to other services after they started charging for their music players, many people are willing to save themselves the inconvenience of finding a new service by simply paying the $5 a month and keeping their music lists and their source for new music intact. People are generally lazy in this way and if the price is something that people look at as nominal, the laziness will win out over the outrage.
I can't wait to see TLM's financials after he starts collecting his $2-$5 a month from all his subscribers. Sure, he'll lose some but he'll retain a lot just like Free Napster. If, by the time he starts charging, all the others are doing the same, he probably won't even lose much of his user base. Remember that Hypster is more than just a music player. It's a full social networking site WITH it's own music player.
IMO, all these music companies will start charging for their music players. By the time everyone's doing it, we should be well over 2M users.
I know I'm beating a dead horse and I can empathize with the feelings of a lot of the shareholders here. We're sitting here with the appearance of being dead in the water for a looooooooooonnnng time.
I've been here a lot longer than most and I'd love to have seen this investment paying off before now but in order to get the big pay off, we've got to wait for the industry changes to occur and the writing is all over the wall that these changes will occur.
The first phase is being implemented. People are becoming hooked on "music at your fingertips". Once they're hooked and totally dependent on this type of access for music, they're NOT going to go back to buying cds at the music store. When was the last time any of you used a pay phone?
I'm going to give my non-expert opinion regarding this investment. All opinions are just that. MY opinion.
Would I suggest BUNM as a short term play?
No. It's going to take another year before we're at 2M users and in a position to start charging fees for the music player.
Does the CEO appear to care about the shareholders or pps? Nope. Doesn't seem to give a rat's @$$ about either.
Is his apparent apathy hurting BUNM's potential to make money?
In the short term, yes. If he took greater iniiative to make shareholders happy, he'd have more of them. The cash infusion from investors could go into advertising, promotion and solidifying BUNM as a strong and growing company.
In the long term, no. Hypster is gaining value every day.
Does the CEO appear to care about growing the business?
Don't know. TLM has made some significant changes to Hypster and it is now a full social networking website with it's own music player. He hasn't done much with it since making those changes but this hasn't stopped sustained user growth of more than 2400+ users daily.
Why do I see this as a stock worth holding?
TLM has built a company up from basically nothing. At one point we had just a few thousand users and were happy to get a couple of hundred new users daily.
We now have over 1.1 MILLION users and we are gaining more than 2400 new users DAILY. We're already on the map and probably on a lot of people's radar for a potential buyout opportunity. This kind of growth cannot be ignored.
We have a REAL product that's IN DEMAND. It's in demand now and will be in demand in the future. The demand for music isn't going anywhere.
In the not too distant future people will have to pay for this service. It happened with water, it happened with television, it's happening with radio (i.e. satellite radio) and it's going to happen with music on demand. The writing is all over the wall.
Do I think TLM is going to do something stupid that will screw the shareholders like r/s?
I don't know but I think he's got more to lose than to gain. As I mentioned above, right now Hypster is ALREADY a player in this business.
It's a household name in at least 1.1 million homes already isn't it? With over 1M users and growing, I'd say that qualifies it for "Player" status.
They have big name advertising and TLM is already making money. He has a business that is probably low to moderate overhead that basically runs on auto pilot. He doesn't have to get out of bed every morning and flip burgers or break rocks with a maul.
He probably is making enough to pay his bills and go for a night on the town at least 2-3 times per week. Lololol!!
Add to this the fact that TLM knows as well as anyone that the music on demand industry is going to start charging for the basic service which will mean MILLIONS in MONTHLY revenues for the company he's built and all he has to do is maintain the status quo and wait for all the players in the industry to follow "Free Napster's" lead. AND THEY WILL.
Now with all that in mind, if you were TLM would you F**k that up to make a few hundred thousand with a r/s? Or would you just patiently wait another couple of years or so when everyone's paying for music and watch your millions start rolling in every month for life? At that point, I don't think that when TLM files his financials, the pps will be at .0001
No, at this phase in the game it's not very exciting but who says that we have to sit here and watch the paint dry. There's no law that says you have to babysit a stock once you buy it. Forget about it and play something else if you crave action and excitement.
Those of us who wait around for the change will be glad we had the patience and foresight to wait.
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