yup. Ladenburg is valuing the QPSA user @ $12.50
that's pretty conservative but in line with the socalled
execution risk. In August QPSA added about 1.9million new
users. So, it stands to reason that they could be closing
in on 2 million new users for September. Let's say they
grow the user base by about 40,000 per month or maybe a little
more. If so, then by June of 2011 they ought to be adding about
2.4 million new users per month. If this happens, then QPSA
should have a user base of about 55 million by year end 2011.
I could be off by a couple million give or take but that seems
a reasonable number. And if this all happens, then like you
say, one can eliminate or greatly diminish the execution risk.
What do you think the monthly revenue rate could be with a
user base of 55 million?