GREY:WEWWF - Post by User
Post by
wts2012on Mar 18, 2013 7:04pm
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Post# 21147694
The Good and the Bad
The Good and the Bad First with the good. The price for Nextbus was a win for Webtech. Just over 20 Million is a lot of money when you consider the whole value of Wetech at the share price of .20 a few months back.
Now with the bad.
1) The number of subscribers at the end of 2012 was exactly the same as 3 months prior. This means the sales staff is not selling anything or everything they sell is needed to offset the loss of customers to the competition, or somewhere in between those two possibilities.
2) When Nexbus is gone that is about 12000 units that go as well.
The number of subscribers is a good measure to determine which direction the company is moving and I need to see a couple quarters in the upward direction before anyone can say where the bottom was.
The end of the next fiscal quarter is only two weeks away but we will have to wait 10 weeks at least before we know what is happening.