yes, I caught that. i'm looking forward to the year ahead. I got this from Raging Bull:
Summary of CC
1. Projecting 80 million in revenues for fiscal year 2001.
SpiderScape - 68.5 million with 2-3% profit margin
Printing - 4.2 million with 15% PM
Quest - 3 million with 60% PM
I Academy - 2.6 million with 80% PM
Stampede Network - 1 million (pre-bucs partnership)
The Stampede Network is a sleeper because of the increased revenues from the Bucs
partnership.
2. Profitability
We should reach cash flow profitability by November, 2000 and net profitability by January
2001.
Predicting .08 share profit for year end 2001. With a P/E of 35 this would put the stock at
$2.80.
3. Shares Outstanding
97,966,321 Shares O/S with 80,024,300 in float. There will be no more dilution by the
company. A short term debt of around 1 million will be incurred by the end of November to
fund operations.
4. Partnerships
EMC Level 3 Proven Partner - Huge! They are working on joint press releases which will
include a full page add in the Wallstreet Journal paid for by EMC.
PSINet (PSIX) - Will manage the Stampede web services
TampaBay Bucaneers - Official web site developer. A 46x60 foot sign next to scoreboard
which I think is the largest in the nation. This stadium will host next years Superbowl where
70,000 fans, mostly top executives of major companies, will be looking at the Stampede
Sign. Not to mention all the extra business the organization will send Stampedes way.
5. SpiderScape
Will go live on October 16 which will include the web site and media events. Banner
advertising on major portals, 250k customers plus registered stock holders will get the
publication. Over 1.5 million catalogs will be sent within the next 6 months.
6. September numbers:
Will include a once a year charge of 1 million to be a Pewter partner which will give a greater
than expected per share loss for period ending September 30, 2000. The delay of
SpiderScape release and the I Academy also contributed to less than expected numbers for
Q3.
7. Comparison to other 80 million a year companies
Share prices between $5-$10 with shares outstanding from 76 million to 238 million. Even
the $5 a share with 76 million shares is a market cap of $380,000,000. That would put our
little gem of a stock at $3.80.
8. Reverse Split
If, and ONLY if, the share price is the only thing holding back the company from going to big board, Whitman will proxy the stockholders and would have a reverse split if 51% of the shareholders agreed. |
