WestTrader, yes it is good that it isn't 2 cents but experience tells us that given this fabulous recent announcement there will be no attention to sales now for most of this year. All of the energy is directed at other things. Sales has NEVER been a priority for his business. Lots of talk. Lots of capital raising and funding agreements. ZERO sales.
On 25 May 2017 (YES 2017) they said, after successfully completing China Telecom Customer Trials and I quote: "The initial market push will be in Wuxi, with over 20,000 existing enterprise and government customers and 2.2 million setbox customers. After gaining momentum it is expected that Netlinkz technology will be sold to the balance of the Jiangsu province which includes 11 districts/cities, the third largest of which is Wuxi. With a successful roll-out in Jiangsu, it is expected to sell into the whole of China".
On 25 May 2017 that sounded like fabulous news. I imagine some new holders appeared because of expectations around sales. NEARLY 2 YEARS down the track they will be very disappointed with their purchase.
So, as good as this news about iSoftStone may be, DO NOT expect that it will lead to sales any time soon - certainly not this year. IMO. A couple of weeks down the track with the usual absence of any positive sales figures the SP will be back to sub 3 cents. That araldite is just not going to give up easily!
1,000,000 VINs @ $10 a year gives $10,000,000 income @ 10 times gives $100,000 million value and supports SP of about 7 cents for 1.5 billion shares - at 31 December 2018 they reported total sales of 26,037. It will be a very long time before this moves.
Is that salty enough for you chopchoppy?
YAWN.
NET Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
(20min delay)
