TSXV:POI.H - Post by User
Post by
StyllLerningon Mar 26, 2015 8:44pm
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Post# 23566831
The chart says it all
The chart says it allI like the potential here. JCPenney may not be the biggest fish in the tank, but they would not take a chance on a start-up unless there is something there. There's no question Slyce has a good product - the real question comes down to value. Is it a 70 Million dollar plus company? At 3.5 sales, Slyce would need to demonstrate they have the potential to generate approximately $20 million in yearly revenue to be a decent buy at this price while still showing growth. In an October interview Elfenbein mentions recurring revenue of $4000-15000/month for each company they sign. At an average of $10 000/month, they would need signed contracts with 166 companies to reach that magic number. Where are we now, 3? I would like to see at 25-30 names on that list by C15 end which should translate to ~75 names by the end of C16. With that growth, 3 year agreements are almost a given to renew and the road to $20 million is less murky. I am a buyer at these prices not for the current value, but for the beautiful descending wedge pattern that should to break out to .72-.75 within the quarter. My opinion only - GLTA.