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TownScapes

05/24/11 11:53 AM

#3137 RE: pinkyringcapital #3136

Dave will tell anyone who calls, they don't make that kind of revenue.

if annual sales aren't the $20 million everyone seems to be expecting

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mrholty

05/24/11 11:54 AM

#3138 RE: pinkyringcapital #3136

Thanks for the responses guys. I was hoping that it wasn't 1 year from the purchase of the shell which happened in June IIRC. I've assumed they paid whomever they bought the shell from in restricted shares and those people may want to dump on the open market as soon as possible. I'm mostly watching for downward pressure of size which would tell me that some share have become unrestricted.

The good news is I've seen nothing of that sort. If all the shares are restricted until 1 year from published fins that is better for us as they are aligned with us to get these fins published and quick.

That said, I have no idea on the profitability of the company but I bet margins get better as you grow with additional spreading of fixed costs over a larger base. That said, I don't expect a revenue number at $20M. My estimated math puts revs around $12M.