Some things you obviously do NOT know:
Signing on banks does not equal YET the REAL revenue streams SFNB/S1 will need to become a profitable concern.... these being the pmt for transaction revenues in addition to the one-time sale price of the software which itself is unclear since SFNB/S1 is unable or has been unable to shed light on the ACTUAL numbers. Additionally, one or two bright sales of the software does not a company make, nor a return on Assets/Investor equity.
I suspect, most of the bank software sales thus far have been heavily discounted in order for SFNB/S1 to claim some share of the market. TWO: SFNB/S1 has been handicapped by its inability to name the other "numerous" banks who have signed on, due to confidentiality agreements with those banks. THREE: There have been some suprise issues with the installation of the bank module due to unexpected hardware costs on the part of some clients re: the numerous servers required etc and their management....creating some unexpected havoc with these banks IT budgets....thus... not as easy as it looks or sounds. FOUR: Big outfits are developing in some cases their own banking modules which they could, if they choose, easily bring to market eventually as a tested program......just like SFNB/S1. FIVE: The revenue streams from the sale of the software to bank transaction processors has also been undefined. SIX: SFNB/s1's own internal marketing has shown that their own core target customers would still like a LIVE branch...hence the proposed build out of metro-city-locations....another cost to the present bottom line........
SHALL I GO ON? Those SIR, are real facts. This is a start-up company with great technology...and because they were first, have a shot in this market....but for now....that is the TOTAL story. Investing in this stock (which I have) anytime before the real financial profit making picture emerges is risky at BEST. Last, the chiefs of this company sold the virtual vault to Hewlitt Packard before the IPO profiting handsomely from the sale... in other words a core technology of this company was sold prior to the IPO. They have personally done well and therefore one must consider just how meaningful their stock options are as time passes, the difficulties become greater as the mega banks gear up, and the unforseen occurs time and again to shake up their business strategy. Last, they have had great difficulty getting their message out...that in fact, they are a software company, not a bank, and therefore cannot be measured in any real sense by the number of accounts opened...which have little impact for this company's true bottom line.
So....just being a big buddy of the bank president and your other posts to this thread... haven't said a whole hell of a lot about why anyone should risk their money with this company...other than your own brand of over-bloated ego-centric stock hype.
Joel
PS: The Hannah and Troy software, while interesting, plays in a field which is HEAVILY competitive....and really serves only as an adjunct software to their main product....I.E., they are creating a line of software products. Bottom line....without the good sales of their main product and eventually the brokerage package along with the transaction revenues derived therefrom....Hannah and Troy are about as meaningful as the Israelites trying to make a day's worth of oil burn for seven. Yes: you got it! They need a miracle.
So: how bout posting something meaningful on this thread that supports a truely as you say bullish view....vs. a bull-shit view. Otherwise, please, quit wasting bandwidth.
FINALLY: Saying their are 500 billion $ of assets tied to SFNB/S1 software is totally meaningless. You make it sound like those are SFNB's assets, which they are not. Second, you offer no analysis of those "signed-on" bank assets in regard to the percentage of assets that acutally produce transaction fee generation. I don't think you have the wildest idea, what so ever, the number of average daily transactions occuring in the accounts of these banks you reference...and therefore, no subsequent idea of the revenues which will be generated for SFNB. |
