pie networks income in $$ please read this, page-3

Maddox, you ask about income. If by this you mean retained profits, forget about it. PIE is many many years away from being profitable, if at all. Just look at the likes of Google which didn't make profit until it was valued at a few billion. It's just the way tech companies operate. Every last penny and then some is pumped back in to fund growth.

Better to focus on revenue and gross margins. The ability to increase in revenues is the measure of fledgling tech stocks.

Here are my estimates on revenue

2011/12 - $1m -$1.2m
2012/13 - $1.2- $1.5m
2013/14 - $1.5m - $2m

Yes, revenues will increase. However, 25% pa from such a low base is no good as the annual increase in shares on issue will more than compensate for this. It's akin to running in quicksand. What PIE needs is a game changing deal. Something that delivers $5m+ in revenue. Some here will say (as always) that such a deal is around the corner. I'm afraid that on evidence, no such deal is on the horizon expect for possibly TLS in 2013.