Sprint, I think your figures re revenues are overstated. I have annotated your figures below:
>>> lets see what we have here, please correct me where ever you feel I am incorrect. Based on Press
Releases..
>>> 1/14/99 Ford Deal
6553 facilities x1 per facility(est.)x$2,000 est cost= 13,106,000
( I believe these are the smaller units sold for no more than $450. each. Also, this is a year contract I believe so no more than 50-60% in 1999)
>>> 2/3/99 GM Deal
64 plants x 20 units per x $2,000 est cost = 3,200,000
(They have only sold to the Pontiac plant - 20 i think on an order of 40 - they have demoed at Dayton - and will do so at others - but I think you're off here by at least 50% or more for 1999)
>>>2/10/99 F & M
1000 units x $2,000 = 2,000,000
(Thisis a distributor through 5 states which has an order for 75 units per month - no more than 500 for 1999 at a cost i am guessing less than $2,000)
>> 2/23/99 SPX Lowener
9700 units x $450 = 4,365,000
(Same as Ford above - do not know number sold for 1999 - would cut this in half as well though)
3/2/99 NASCAR
R & D 0
( I was told NASCAR was a "paying" customer - meaning they are buying some. Don't know volume)
3/9/99 ARCA
R & D 0
(ditto above)
3/11/99 Army Corps
?
Total Estimates At Present $ 22,671,000
( Doing a real quick correction I speculate less than 10 mill from above in 1999 - BUT, even at 8 mill in current contracts, not counting anything for the rest of the year and chopping off 50% for overhead to boot, along with 40% tax - we get $2mill minimum which is .20 cents per share which at a 15PE ======= $3.00 per share value.
A ridiculously low conservative guesstimate, admittedly, which I think shows why we are all here. Now if we could get the company to give us a real summary of real revenue from existing real contracts, we could do this for real.
Joe-MA |
