RE:Starting to get nervous, we are pushing the deadline.
up2005 wrote: Been in this deal for years and like many others on SH have supported the deal, my last buy was Nov. 3rd at $ .79 and a day later knew I paid to much, but for the greater cause of supporting the deal I figured it wouldn't pull back too much more, well at close today I paid $ .13 more.
Now I am concerned that we could be in the $ .50's before weeks end.
If it does it will be short lived as year end record breaking financials are just around the corner. Great timing for that as this will take the heat off of the private placement deal or no deal.
I have estimated q4 revenue of 6.5 million and net income of 2.5-3 million for the year. If these numbers hold true then we're trading at a P/E ratio of roughly 20-25 which is very reasonable given the growth ahead. Total sales will be around 19 million for a price to sales ratio of around 3. Again most software/hardware companies trade at p/s ratios above that number so we have fundamental support.
I have not purchased or sold any shares in the last month and I plan on holding beyond Dec1st.