Dear Dave and all:
Would some of you "experts" in software consulting comment on the statement about needing 1,000 consultants to "break critical mass"?
Personally, I think that is outrageous. We only have 7,600,000+ shares outstanding . To earn a $1 a share, which would make me pleased as punch, we need to net about $7,600,000. Dont know what the NET margin is normally but lets say its 10%. That means 76,000,000 in revenue. I dont even know what hourly billing rates are for CMND but lets say its $150 an hour and lets say they bill an average of 1,800 hours a year. That comes to $270,000 per person.
Divide THAT figure into 76,000,000 and it takes only 280 people to accomplish our goal. Hell, I no longer even know how many people CMND has but I bet its well over THAT number.
Second comment, CMND has been in a NICHE market ie FINANCIAL companies. We dont need to be all things to all people.
Third comment--the mere fact that I am having to guess on all these numbers shows how deficient company is in getting the information out. JDN |
