RE:RE:What a disaster…. Definately a disappointment. But incredibly cheap given the value that is being applied to their biggest asset.... NameSilo.
-CEO and Chairnan both collecting unreasonable salaries now imo.
-The loan terms are absolutely atrocious.
-Kristaps gets 18.5% of Rev off the top and hasn't done anything for ancillery advancement
-Investments getting killed.
-Sudden, unexplained 1Million$ single line expense item w/ no explanation in the financials. And no forecasting for future quarters.
-Absolutely nothing added to the portfolio despite the increase in salaries
And yet despite all that, NameSilo should post positive cash flow in the coming quarters, and definately in the next 18months with the debt paid off on schedule. Definate blue sky potential with 2 of the portfolio holdings in AEP, and IPA as well.
Market cap of 14 million dollars, w/ the portfolio worth about 5 million. So that's a 9-10 million dollar value that can be attributed to NS, which is growing in fits and starts w/ annual recurring revenues approaching 40 million a year. And Every dollar that IPA goes up is about 285, 000 added value.
IDK.... I kind of like an asset that continues to produce, despite managements efforts to the contrary lol!