coinvestor and whats next, page-2

Hi Discrete

For what its worth, these are my thoughts.

I figure they will spend upwards of @ $15M (let's say $10m) on an acquisition. With a conservative positive cash flow of @$5m per annum that will enable them to become debt free prior to the 'beauty pageant' commencing in 3 years (that's when they will sell out).

I disagree with the theory that the telco business will not be around. I figure that it will be an increasingly subsidised service (look at 'Just' at the moment and the links to SMSpup). Increasingly, however, the online marketing / publishing arm will become the main driver of revenue.

A further insight into where they are going might be provided when they update the WDYT site. Its due for updating around now.

perhaps we can exchange more views once that is done.

Cheers