National Holdings Corporation (NHLD)

[persistentone]

Thank you for the great summary glass.

I would like to see you address the extra lawsuits that were just added. It looks like legal exposure has climbed another $6M in just one quarter. They apparently did some bad deals and are getting sued for it, and the total exposure is now around $22M by your summary. What's the merit of those cases?

In addition, to support a move to NASDAQ, didn't they get rid of at least one of their most profitable businesses? That's why the Dec 2014 earnings are substantially lower than any recent quarter. That raises the question what are their sustainable earnings moving forward.