I called (after hours) and left some questions. They returned my call two days later while I was at work. They did address some of my questions, one of them being actual share count. The women said they had 5.19 million outstanding with 1 billion authorized as of the last earnings release. That doesn't mean that is the current count. I have never ever seen or heard of any pink sheet or BB stock that did not dilute. That is just the way it is. Accept it and hold, or reject it and fold. I currently hold 700K shares. I know PV's reputation for dilution. He will spend shares, what matters is just how many. I can accept 5 to 10 million shares per Q if growth exceeds dilution. Look around, there has been massive dilution on the big boards. Look at DRYS for example, they diluted three different times in a about three months time. Look at all the dilution in the financial markets, it's been massive, and every where you look. The difference on the big boards is the terminology. It's not really called dilution, it's called secondary's.
After listening to the videos, I think PV has a winner here. He is doing business in a country where growth is rampid and technology is being feverishly sought. This isn't NMKT, this is CCTR. They are two different company's with different business plans and structures. The signing of the 30 million contract is only a beginning, IMO. The .30 cent stock estimate is a lowball figure I feel PV is using to point out the obvious value and potential reward this stock holds for future share holders. I think PV has learned by his past mistakes and wants a winner as much or more than we do. I think he'll be working very hard to improve this company.
Lets look forward at the upcoming earnings report. Expect to see 15 or 20 million shares outstanding. Lets examine that. Lets say we see 15 million. Now, PV reported CCTR will probably exceed 40 million revenue this year and the revenue will increase each Q. In other words, the later Q's will be better than the earlier Q's. Lets say we see 8 million this Q. If we figure a slim 2% profit margin (that's where PV is working on improving) that equates to .0107 cents a share profit. A lowly 15 PE equals .1605 share price. Why would a growth stock growing like CCTR stay at a 15 PE? Once we get a little better known, we won't. I think PV's .30 cent estimate was low. I think he used that number to try and avoid an explosion of negative pumping comments that shorts and disgruntled former NMKT share holders will bombard us with.
Bottom line is this, do your own DD and don't listen to comments that are either untrue or half-truths triggered by mistakes made with other company's by ex share holders, shorts and the past mistakes PV has made with other company's. This is a newer company with a great business plan, a huge market in China and great products to sell. Give PV a chance, what have we to lose? The business plan is superior IMO.
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