PharmChem Laboratories Inc (PCHM)

[yakyakyak]

I'm happy you got in, took your money out, are profitable, and long a big position. I figured that between you and me and another poster, that's 15% of the outstanding. I believe that management owns over 10%. And if Palo Alto is still in the stock, they own 22%.

So half the stock is owned by six entities. It's extremely tightly held. And there is only 5.8 million shares outstanding.

I used to post as rosesarefree. I've been trying to nudge Deet to provide industry information. His research was extremely thorough. And what he said happened.

I'm doing my best elsewhere to gather current information. Unfortunately some of the drug testing industry reports are $5000. I've emailed management two or three times for industry updates but will now take a step back because I don't want to overstay my welcome.

I'm projecting 11 cents in earnings (2015)and with our growth rates and industry multiples, it's 30/40 times earnings, although on a price to sales basis the stock is worth half that.

They're not getting any of my shares cheap. I hope you stick around for $1 plus with the vast majority of your shares.