IMHO you are both wrong. First it will not be worth 1.3 billion by this September. yayankee1 is right about that. That would mean it had not only revenues but substantial profits by September. I know, I know, Amazon isn't making profits but has a huge market cap but this isn't Amazon. OTOH, they do have a potentially great technology. Let's suppose they installed their bolt on tech on the 200 or so ethanol plants in North America and got 5 million licencing fee on each. Admittedly that's one time revenue, but it's a billion dollars of one time revenue. And if they get the 6% royalties? It could easily get to 1.3 billion market cap at some point. We'll have to see how it works out but it certainly is possible.
Today was the heaviest trading day ever in the stock. This week is already one of the heaviest weeks and it is only Wednesday. I'm not sure what that means long term, for every buyer there's a seller and all that, but certainly the interest is up.
good start sosam. Now, see if you can intersperse the commas within the sentence.
But on the main point this stock does look like it is moving. I'm hoping it lasts.
The announcement today doesn't mean the stock is going to 20 by September or anything close, but it is good news and the numbers quoted are very encouraging. Now let's see if they can follow through.
Always take sosam with a grain of salt. He tends to get excited. There may be news coming, a company with a technology like this may form an alliance with a larger company, or get bought or something like that at any time so Sosam is not completely wrong. OTOH I have seen nothing in the market action that indicates that that news is imminent. We'll see, but the news of the bolt on test is very good. And, as always, it takes time.
I think you're right, OTOH if it's paying over 6% dividend then who cares how long it takes the market to get it right.
The report today says the revenue for the first quarter was over a million. If that continues then the run rate will be about 4 million. But, the revenue for the fourth quarter of last year was about 700k. That means the quarter over quarter increase is 55%. If that continues, by the annual revenue will be about 8.7 million. Check my math, I'm only a lawyer. :-) We don't know what the expenses are, but this could be a breakthrough year if this continues.
Thank you both, Vedat and ien7d for your info. At this point it doesn't make any sense to sell so I guess we'll just have to wait. I am pleased to hear that there is some success both in the roofing tile and other areas. I would like to see the SEC filings soon, however.
Ignore the bashers, teradacty123. The answer is no one can tell you. It's a pretty volatile stock. There was an article in a Sea Technology magazine online it's a dotcom with a hyphen to see if I can sneak around Yahoo's rules. LOL The article promoted the recent test of the company's product on a ship but also other nanotech products not made by the company. It may have caused some interest and it doesn't take much buying to move this stock. We'll have to wait and see if this has legs.
If I recall correctly, BGCP sold espeed to Nasdaq for use only in some US treasuries and only agreed to a non-compete for 3 years which ends in June of this year. I don't know if it makes sense for BGC to start trading those treasuries again, but they can as of June.