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Technology Stocks : ACII - AmeriChip International, Inc

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To: boundtb who wrote (1042)1/28/2008 5:12:24 PM
From: flashmasterp  Read Replies (2) of 2396
 
I am curious to get everyone's thoughts on something. In the report issued by Gaskins in November, his estimation of a $1.20 share price was based on revenue of $25 million for the quarter ended 8/30/2008.

A quote from the report:

"Based on the above "IMPLICATIONS" comments, we believe it is possible that ACII could be shipping in the range of $25 million for the quarter ending August, 2008"

The market did nothing to react to this report, and rightfully so, as Gaskins is a paid promoter of the stock. His opinion is biased. It does make me curious however, about where the $25 million is coming from. Would he be as totally irresponsible as to "guesstimate" out of the clear blue sky when he is in contact with the CEO of the company on a regular basis? Other than his website being poorly designed and that horrible picture that makes him look like my 7th grade math teacher, the guy does appear to be at least somewhat reputable. I have tried to see some history on his track record and couldn't dig up anything bad. Of course I didn't try all that hard.

Does anyone think at this point that $25 million is feasible for Q3? This was only 2 months ago.
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