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redman_2014

03/01/10 4:02 PM

#31363 RE: bunky #31348

CCME - Valuation

1) $55M - During their most recent financing, management allowed for a stipulation in the contract that they would personally be penalized if they did not achieve $55M net income for 2010, so many on this board consider that to be the worst case scenario for 2010.

2) $83.5M - Is management's target for 2010 in order for them to qualify for 7M shares in bonuses. So I believe this number is also attainable, but is a good number to use for best case scenario.

My prediction - I have a gut feeling they will hit the $83.5M target.


-Adam