$PSID$ Lets-Review the Q then! Plenty of GREAT-STUFF!!
This company has many very strong long-term indicators that show how undervalued it has become! Figure are rounded:
Assets:
Cash on hand: $140,000
Accounts Recievable: $313,000
Inventory: $555,000
Total Assets: $2,610,000
Now for Revenue:
3 Months ending Sept. 30 PSID had Revenue of $1,070,000
9 Months ending Sept. 30 PSID had Revenue of $4,600,000
A company making this kind of growing revenue is very rare to be at this current Price Per Share(PPS) It made in 9 months this year what it took all last year to make! And 3 months still to go!
The current PPS is very undervalued and with the kind of growing revenue PSID has it will be forced to correct, and will correct.
PSID has already shown how strong and rapidly it can recover!
Now the Debt
Yes the company had a good amount of debt, most of which was convertible derivative debt. Clearly that derivative debt is what drove this price down to these very undervalued and oversold values, and created this amazing oppurtunity.
But the very positive take away from this is that the companies finance sheets will be severely improved as most of its debt has be wiped out thru these conversions! This is a very good indicator for the company and future stock valuation!
Furthermore... if the company maintains its revenue growth trend, and just wiped out most of its debt and has a clean slate... what is there to worry about: Nothing!!
This company's stock did exactly what all stock is design to do, either provide operational capital, or pay off debt. This is exactly the case here.
The Revenues here, long-term, are very very promising... and that will only create more and more value of this stock and company.
Solid bottom has formed and all indicators point to the dilution having ended! THe time to buy this is now... right now. And we should all be thankful for this opportunity PSID created for people who know how to actually interpret what EVERYTHING in the quarterly represents!
Very Bright Future Here... PSID has just become one of my MUST-OWN stocks!
And if anyone doesn't understand the difference between the Derivative Convertible debt and the OTC standard Convertible debt then please my MUST-READ post earlier to PSID board.
All longs hang tight... This is going to correct in a big big way!
Sometimes its Skil, Sometimes its Luc.
Appreciate Member Marks, and follows.
ALL IMHO
AI
