re: javip
the other guy got it wrong big time. There are 79,367,965 shares on issue for a market cap today of 8.7 million.
This is for a company who's model is projecting many millions in revenue just from radioshack not to mention the many other customers they have, albiet small ones.
Expect the business to be cashflow positive this month or next as money starts coming in from radioshack and this will boost the share price. Also, as US investors hear the story, the ADR's will start to be taken up too.
Its a slow story but a good one and we are at a low base. The earnings model shows 5 cents per quite easily! I actually think a 30cent share price will prove to be conservative.
I would go one better than ringing radioshack, ring millepede and buy a packet of ties and see how great the are with youre own eyes. I use them all over my place from tieing computer cables to holding down my awnings to the top of my baulastrade!! works greats.
Great little business and I wouldnt be surprised to see a major tie company want to take them over one day. As they get cash in the door, they will bring on more tools to make more tie's to cope with an ever increasing demand for tie's
skippa
MPD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
