Fist of all, I wish to take this opportunity to Congratulate James on his sale of late.
Secondly I wanted to share what I said exactly a year ago in February 2020 and we are basically now 6 months away from my $2 prediction.
Hello Investors,
Stop arm violations will be our bread and butter. This is what i said Oct 17, 2019:
Please refer to my October 9th post
Hello to all the peeps out there,
Please refer to my October 9th post about this is no Pump and Dump. So I told you the new support was at $0.17 and the $0.10 was long gone. Eigth days later after my October 9th post, we are moving in the $0.20 range so the new support is $0.17 and no if or but. I just read some posts saying about $1 stock price in the future and I am laughing because you are wrong in assuming it will reach $1 NO! It will reach $2 within a time span of 18 months. Why? it is simple, i said it in my October 9th post.... These contracts are great and they bring revenue but watch for the school bus businesses in sharing the stop arms violations with the authorities having jurisdiction. THAT!! is the game changer THAT! will be like an ATM printing money machine. So of course, I am in total agreement with posters that large public transportation companies will be helping a great deal with earnings of this company. Also remember peeps. The Dubai authorities is still in the pipeline, So my point is forget about the $1 price, this is a ten Baggers from today. Please do your DD but the writing is on the wall this is a 10 Baggers for sure.
Regards,
Fearlessgg
So I am looking forward to a nice big transit contract in the short term but I always saw the school bus business as a wonderful cash generating business. One of my assumption regarding the stop arm violation/contravention sharing business should generate approximately $15M per year of straight cash in about two more years. so here's my calculation 150,000 contraventions @ $100 each of straight cash to GSI's coffers. In my forecast, I assumed GSI's system is and/or will be on 3000 buses on the road and will submit 50 contraventions a year for each buses. School bus operators are operating approximately 200 days/yr, So this is only 5 contravention a month per buses. Contravention for a stop arm is around $500 to $600each, So using a net $100 is reasonable in my book. My Implied price right now without considering the latest NR is $1.17. I know when i look back at my own post of last February my $2 target was far fetched considering we were truly in the penny ranges and now we are in the dollar range but if we get one of these large transit contract within a few months my predictions were correct and I will re adjust my present implied price after a contract award from a transit company.
Thank you all and as you know I don't post a whole lot but I read every posts and I wish to thank you all for all the wonderful posts posted on this BB.
Regards,
Fearlessgg