Their current phones in use are valued well over the $1 smart phone. Let's say no additional users come onboard and current telcos adopt the communication via our satellites the figures still add up in my opinion. As just mentioned, pay as you go seems the be the general trend in these third world counties and all we're talking is simple data use for messaging and banking. Communication is key for our humanities, it's a part of us and there will always be customers. On what grounds do you believe SAS project a self proclaimed conservative figure of 600mil - 1billion dollar recenues? Blind luck maybe based on a whim? Even half that figure and we'll still be in the green.
I can't tell you how we're getting any service at the moment but I can tell you how we'll be getting it in the not too distant future. It's SAS.
I do value your criticisms but I don't agree with them. I'm a huge fan of travelling third world counties and have seen the desire for cell phone communication as a backbone in every area I've visited. I'll remain to be a firm believer in SAS. At the end of the day we're all here to make money to make this rat race easier. We all win some and lose some. If us SASers are right then we'll all be cheering and if the opposite is the case I'll be happy for you on your judgement call while I suffer a blow to my funds. Good luck on your other stocks but be sure to check in with us a couple years down the track. I might be able to buy you those couple beers I owe ya
SAS Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held