Here's some Monday morning holiday filler. It's an exchange on ESVS/Yahoo between myself and Ajammer:
Zulu_PT
ajammer_1998
May 24 1998
1:00PM EDT
The only thing I would like to add is that most of the revenue base comes from ZULU, They said they would stand by their revenue figures. If they indeed bring approx 40 to 50 mil in revenue and a strong customer base this will add to their valuation. I think it's becoming more evident that the post merger company will be ZULU. In order to match ZULU's strong revenue base, ESVS will need to provide 50 mil in private placement dollars. I really believe the revenues are there, otherwise this deal would have been blown out of the water long ago.
I loved the new post this morning, everyone is doing a great job.
I am taking a break from C++ to give my head time to clear(I am doing some work at home). Each time I break I check the message board.
I prefer to look at this moment as a unique opportunity, we are like the inside investors watching a company take shape before it's initial IPO.
When this baby hit's the NAS VAVOOOM! We will have customer base,
revenues, growth, the whole ball of wax. I really believe Hayton learned from past mistakes and is really building a strong base under his investment this time around.
As various Zulu Warriors bring forth new information, we see areas that could have been hyped but weren't. I think ZULU has decided to let actions speak louder than hype. Personally I like this approach.
Thank you all for good information.
Ajammer
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Good Points, Ajammer!
Zulu_PartyTime
May 24 1998
2:26PM EDT
Be sure to check the Bobz forum for Mr. Steinmann's response.
At that point, when he responds, you might like to follow up with the
valuation question. If you do not, remind me down the road and I'll ask him. He's been pretty good in the past. He provides clear, common sense answers--and not always the ones you want to hear. I'm very curious as to how he responds.
I liked the point you made about how Zulu could have hyped areas and it didn't. It might have helped me back when I was carrying margin, but the criticisms have been so severe--particulary post-Wired, I think it was the wise decision to instead concentrate on the business at hand. I don't mind suffering a little now, so long as the reward for that suffering is ultimately lucrative.
It must have been difficult for Hayton not to respond to the Wired
fiasco. To this day, nowhere I have seen or heard about his side of the story. It's always been my gut bet that he's an eccentric visionary type who joined many folks who had failed ventures in the alternative energy business. After all, competing against big oil and big power companies can't be an easy thing to do. I hope some day to learn the full story. I'm sure it's a good one!
Somehow I keep thinking that the venture capital interests behind all of this is related to Newport, RI and Sidney, Australia yachting interests--but this is just a wild guess on my part. Who knows? Some day we'll get the whole story as this industry begins to get profiled in major journals, not Wired and Stock Detective types.
PartyTime
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Hayton
ajammer_1998
May 24 1998
11:48PM EDT
Hayton did nothing that a thosand and one entrepeneurs before him did. when they run into trouble they will try anything to pull it out. They have to have tremendous faith in their ability to take a tough situation and make it better. They are prone to rob peter to pay paul in attempt to buy the time needed to rectify the situation. They always believe they can pull it out in the last of the ninth. If you didn't have that faith in your own abilities you wouldn't even try. As far as I can see that is all that he did.
I think you are right on the environmental angle. Big sky country was
the only part of the nation where Bush's spotted owl ploy resonated.
If he raised the money through that yachting connection that would
explain the silence on the wired articles. The rest of Netvest seems to prefer anonymity. That fits quite nicely with old money types. If he has connections in that crowd it also would explain the private placement method of raising ESVS funds. I think we would be sitting at about 3 dollars a share if it wasn't for wired. Those articles really hurt. Through all those personal attacks (the last one was 100% unwarrented) Hayton has shown a great deal of restraint and class. I too would like to hear his side of the story.
I know you liked Lair, he is a good man and knows his business, but I've always felt the right man for this co. was Mincheff. He is tough, he will roll heads if you are unproductive, and he will be successful. He is one of the few high profile execs out there who could say they cut their teeth in this business.
I am very satisfied with the way things are falling into place. Look at how far the company has come in two months. The skeleton of a
potentially successful organization is beginning to take shape. It will be quite interesting to see how they flesh it out. Looks like that poodle and dead hippo had quite a thing going on after all. The
offspring sure look good.
ZULU will be a PTPer bayyybe!!!
Ajammmer |
