Here is what I can read in the last two news releasesMay 8, 2020 news release indicated that close to 400 connections were registered. This morning's news release is confirming a backlog of 400 connections. My take is that in the last 2 months 800 connections will contribute to Venzee's cashflow. Assuming conservatively that 250 connections will be added monthly we could see a gross yearly revenu of close to $10,000,000/annum. How I arrived at this: 800 connections + 250 x months for a total of 3,300 connections for first 12 months. Revenu is $250 US/mo/connection = $10,000.000 US gross or $13,300.000 CDN for first 12 months. Assuming net income is 60% we can calculate $8,000,000 CDN profit/180,000,000 shares outstanding = $.045 CDN net income/share and using a PE of 12 Venzee may trade at $.50 or so in 12 months. I am just explaining my own interpretation based on last 2 news release information. Of course we shall only know for sure in possibly 6 to 9 months but it seems that so far the trend is our friend. Also Venzee raised all required working capital to handdle additional 400 connection per month and I only used 250 connections in my calculation. Every month that additional connections are comming in this company's future is becoming more certain. The demand for Venzee's proven technology is growing quickly and may grow exponentially as expected by CEO Mr. John Abrams.
I recommend to investors to contact Venzee's investors relation and ensure they receive all news releases and conference calls notification and link to register to keep up with this exciting growth story in the Artificial Intelligence world.
I have been adding to my position since January 2020 and I am glad I did. I wish every shareholder success with Venzee.