Dear Ernie:
I leave for a few weeks and all hell breaks loose!
This is the holiday season and everyone should get in the spirit.Without
breaking the QP spirit,I certainly can comment on some of the historical
questions presented(no order of importance):
- We are not a distributor of Radlinx,we, in fact,provide the software
protocal to drive the hardware,Thats why people are sooooo interested
in CYBERFAX.If we were to place a valuation on that company today,
we would do ten times revenues,They have ten contracts worth,at
present,$7.5 miilion(starting in January)
- The shareholder letter will go out shortly,we just don't know if certain
event(s) will be ready to be included.
- The company has a very healthy Balance Sheet(see 10q under Edgar
filing). We don't need to do any financing right now,As a result,we
will not tolerate our stock at this level and will do whatever it takes to see
it at its rightful level For your information our book value is $1.12 and
our stock is selling less than two times book? no way. On an EPS level,
we are selling less than 20 times,while SMTK is selling over 700+times.
We have technology they have only prepaid phonecards!
- We don't willy nilly go into a QP ,we do so because we want to ensure that the event that is happening will happen! Just go back to the previous
QP's and you will notice that each one was bigger than the previous one.
- November and early December are times when people want to take
advantage of certain tax situations.
Now that I've said all that Smile (ggggggggggggggggggggggggggggggg)
SEMPER FIDELIS!!!
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