Fair enough,
Lets take the best case senario- remember I have been to both sites and NY is far superior. They have three ride capsules in NY with 15 seats per capsule=45 seats. It takes 10 min to load, ride and unload.That = 270 rides per hour times 10 hours per day(it will probably be more since TSQ is alive till 3.oo am) = 2700 times 7 dollars/ride =18,900 gross per day times 365 days(the city that never sleeps) = 6.9 million dollars gross. NOW THATS A BEST CASE SENARIO.Lets cut that in half to be modest and you still have 3.5 million dollars. Now rent is 10 percent of the gross(agreat deal for a start up venture;no money no pay) say 350,000 dollars- debt service equals ? I would say they borrowed 2 million to build nyc location at 10 % rate thats roughly 16, 17,000 dollars per month = 200,000/year? maybe 300,000? they still have 3,000,000 dollars left for other expenses(employees= 15 people half of whom are minimum wage types).About 300,000 for them lets say; administration, advertising, and insurance rounds out the field: even if thats 1,000,000 dollars(I doubt it) you still come up with 1.7 million dollars left! Now both the other sites in Vancouver and Las Vegas make enough to cover all their expenses and still show a tiny profit, so that 1.7 million divided by 1.7 million shares outstanding = 1.00 / share earnings. This could very well be a 10 dollar stock you are looking at. It will take just 2 quarters of earnings for the street to realize the value here. This truly has 10 bagger or more written all over it. Remember, before the company ran into problems opening its mall locations(there were supposed to be a dozen of them, but the noise and vibration proved a problem and they were nixed by the mall chain they had a deal with), the stock was seven dollars! That was before even a penny of earnings. Think about it! This will be a very very big success and I think that now is a golden buying opportunity. I add to my position every week on any weakness. So should you. Good luck.(though none needed ). |
