HS Govtech Solutions Inc HDSLF

RE:RE:Quarterly financials are out

[Misbrandt]

Financials were not too different than expected, company is still run on a shoestring budget (awesome that management can do this, keep the need for financing down). From this date we already have a new contract (Tennese) and should start seeing the accretive revenue from payment fee sharing (and better yet, it looks like we get a straight payment considered a "convenience fee"). It is taking a long time to ramp but management has their plan, we could probably easily be profitable by this point IF we got all the contracts we did but charged a reasonable amount for licenses instead of the paltry cost per seat we ask. BIG HOWEVER, it would have been less likely to have picked up these contracts. Now we are integrated and oh, small convenience fee for anyone paying online and we probably are going to be making more than if we charged a higher license fee. 

Once Florida is paying us we are almost definitely going to be in the green/have more money to spend on development and marketing.

This remains one of the best sleeper stocks and I think anyone holding now is going to make big money, just might be a little more waiting.