pie in the sky, page-48

re: staying steady Hi Geezer and Mumstheword

Firstly to answer geezer.
sorry, but I have no idea what will happen in the next 4 months. I am happy for it to bounce around. The share is trading purely on speculation and potential. My valuation will only be valid once ventracor begins selling devices in earnest, assuming full approval... Until then the share can yo yo around. I'm just leaving VCR shares in the background, riding the mining boom with other shares, and hoping that when that's over I'll have a nice surprise in a small corner of my portfolio.

A comedy I once saw about a TV production company in Canada had a simple premise about making money - Markets that matter: USA, Market that don't: Rest of The World... This is somewhat applicable to VCR..

Which brings me to mumstheword, I have no idea how many units they will sell. But I do have an understanding of the potential profits, given each incremental unit sold. And I think that any potential long term investor should do their own calculations on what they think the potential profits based on units sold are.

Using these calculations, and assumptions about cash burn rates, unit costs, reimbursements, I conclude that they will need to sell 450 annually to report profits. I am not sure whether they can achieve this at this stage, but what I am sure about is that once they surpass this figure the profits increase dramatically.

I thinks there is no foolishness there, what is foolish, is people providing price targets for VCR prior to full approval.