post off of another forumIn reply to: rbcrawford on Saturday...

post off of another forum

In reply to: rbcrawford on Saturday 23/08/08 08:51pm



crawford,

perhaps the mou out of china, for which an investment bank was retained out of europe, will be coming out shorly. If an investment bank was retained and they have 1.25 million in a funding facility , I would say it is a sizeable company!. Once we get our teeth solidly into the 200 million plus market in china we will be on our way to a dollar.

I know a lot of people think I am nuts when I talk about a dollar on the share but I believe it will happen. If they capture a chunk of the 17 million in veitnam and just 3 percent of th emarket in china we will blast off! And remember in china we own 90%!!!!!!!!!!!

3 million in china @ $50 a person= 150 million rev @90 percent= 135 million
2 million out of vietnam @50 a person/year= 100 million @50 percent=50 million

total yearly rev= 185 million
(not sure on this number so aim high)minus 25 percent overhead - 44million
per annum profit =141 million



at an average telecom PE ratio of 15 puts the share price at ~ $2.10


Of course this is a great case scenario but it shows you the absolute potential of this company. And let your imagination run wild with what would happen if they captured 4 5 6 7 percent of the chinese market.

Cheers to all holders we are finally on our way!!!!!!!!!!!!!!!!!!!!!!!!!!