$SEEK is currently profitable with it's existing assets and infrastructure. When I say profitable it's to the point where $SEEK is generating sufficient revenue to fund current operations, add net cash to it's bank account at month end and perform R&D for TD 2.0 without diluting current shareholders. This is the current reality and from a pinksheet perspective, a very exciting prospect looking forward.
$SEEK closes it quarterly book at the end of November with very likely it's eighth consecutive month of profit having proven it's business model works even on a small scale. This profit is sustainable and growing due to the nature of the directory business. It's a very sticky business model. Once companies and organizations initiate a subscription, the maintenance cost is sufficiently low that there's little advantage in unsubscribing.
At some point the number of subscribers hits a critical mass and $SEEK really takes off. What we've witnessed with TD 1.0 is peanuts compared to future prospects.. TD 1.0 is profitable and has reached critical mass as a stand-alone product (witness the consistent monthly profits), but the real key is TD 2.0. With TD 2.0 $SEEK is looking at a completely different way of managing its subscribers allowing massive subscriber growth combined with customer management efficiencies.
By the end of 2012 $SEEK should be trading around $0.016. Within two years you're looking at $0.10. I would assume $SEEK will be looking at starting to develop TD 3.0 within the next 48-36 months.
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