That does seem like a pie in the sky sort of goal and their basing their estimates on the growth they had in a non-paid app. I'm extreamly sceptical that this sort of growth is achievable. But who knows, if the app has good network effects with friends telling friends and everyone really loving the app, then maybe.
What will be very interesting at the end of the second quarter is the churn rate. It will need to be close to zero if they want to reach those targets, which would extremely difficult IMHO.
RNT Price at posting:
13.5¢ Sentiment: Hold Disclosure: Not Held
