Hi Tom,
Sorry to see that no one has contributed to this thread thus far.
This company looks poised to find a nice little niche in the smart card sector. And @ .29 (U.S.), the price is right to start loading up on shares. Looks like it's forming a nice base around this price. (.40 Canadian, .29 U.S.)
If they do reach their goal of 25% of Chinese drivers, the money should really be rolling in. After COMDEX this month, there should be much more attention focused upon this little company. There should be MANY analysts attending.
After speaking with the CFO, it's seems the main problem will be funding their continuing projects. He said they needed to put up $10-12 million for this latest project in Shaanxi, China, which leaves them will little capital. The revenues from the two projects will be flowing in over the next 4 years, so getting startup capital needed right now for the next project may be a problem.
I feel they need to form an alliance with a larger, cash-rich company, such as the one IVI formed with Ingenico.
If you don't know about International Verifact, you should. I feel they have a great future ahead of them.
Go to IVI's website. I think you'll find it interesting.
ivinet.com Read the news.
Also, here's BIT's webpage bit-inc.com
It's supposed to be undergoing a redesign, to be completed next Friday.
Good Investing,
-Bill |
