Dear David Browning,
Enjoyed your post.
1. You stated that you had a buy in March, that would indicate a buy between $1.50-$2.00.
2. You considered a partial sell recently around the $5 mark, knowing the circumstances of the company. However, from your statement you elected not to sell?
3. Even after your knowledge of the reverse split and after a decline in gross profit, it still sounds like you have not sold.
4. Your break even, (based on June results) does not reflect and unerdstandably so the most current press releases (5 in all and undoudtedly more to come before the IPO,IMO) which reflect future profits.
5. Your quote, "This, in turn, suggests that prices of $5 and upward for TSQD are generous, implying valuations, at least in my model, in the low to mid 20's for DRIV. This may prove unsustainable given the company's current operating trends."
However, it sounds like you have not sold one share. If you have any ability to predict internet IPO's then I would be very muched interested. However I think you would not even responded to this site unless your were looking for confirmation of higher expectations. Given the hype of internet IPO's and their extreme possilibilties, it seems like you are along for the ride like the rest of us... even given what you know.
But hey, I could be wrong, Don |
