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To: Nittany Lion who wrote (3767)1/10/1999 8:48:00 PM
From: Jim Fitzgerald  Respond to of 6545
 
OK, now we're talking $$$.

I was just about to give up on you guys. Mags projects $9.6 mm in revenues based on 10 licensees. I figure at least 20 licensees in the near future, based on additional TISS participants and the Australia/ New Zealand deal, not to mention undisclosed negotiations. Let's say (consertavely) $15 mm. That's about $1.00 per share in revenue. So the stock trades at a PSR (price to sales ratio) of less than 2.

Jim


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