Adfitech Inc (fka ADFT)

[Enterprising Investor]

CARR: Active bidder at $2.55 for months.

It purchased 56,800 of the 73,240 shares traded in February.

http://otcbb.com/asp/tradeact_mv.asp?Issue=adft&searchby=issue&sortby=volume&Month=2-1-2011&downloadname=mv201102.exe

Today, it raised its bid to $3.00. No takers.

I wonder why the interest?

Carr Securities Corporation

For almost 50 years Carr Securities has been a market maker, risking its capital to buy and sell shares of public companies. Presently, Carr makes markets in over 1200 companies. Its philosophy is to pay attention to the balance sheet and to look for 'value'.

Carr's customers are primarily institutional value investors. Many of Carr's customers have used Carr as an outsourced trading desk because the firm has shown the ability to trade in the OTC markets as well as the NYSE and AMEX. Customers want two things: good execution (getting the best prices often under difficult conditions) and confidentiality. While good executions are always an issue, it is equally important to assure money managers that their executions are kept anonymous. This is often called protection from 'leakage'.

It is hard work finding value in small cap and micro cap issues. Many of the stocks are disliked, ignored or poorly understood - so it requires extensive research to uncover real value. Often these small companies lack professional investor relations that are capable of telling of the companies' progress. Therefore, when a value situation is discovered it is the result of hard work. There are also times when Carr's own traders are able, through its market activities, to uncover value investment ideas. Either way, Carr Securities works to protect its customers' proprietary information.

Carr Securities also provides trade execution for senior management of public companies. These trades can be either for corporate buy backs or for personal portfolio diversification. As a market maker with an expert team of traders Carr can facilitate low cost execution while avoiding market disruptions.

Carr prides itself not only on what it does but also on what it does not do. Carr does not accept retail accounts; Carr does not manage money or "pay for order flow". Carr does not 'shop orders' or trade against its clients. Clients realize this as a benefit.

http://www.haynescapital.com/brokerages/detail.cfm?id=3737&pageno=1&pagenoo=1&pagenooo=1