Littlefield Corp (LTFD)

[Joe Master]

The shortfall in the Collins payment reserve is really very little. About $180K out of a total payment of about $2.2 million.

As for expansion probabilities you cannot have it both ways. If you wants lots of expansion announcements you will be stuck with some good and some not so good results. A more careful mode will result in less freugent a(and maybe smaller acquisitions) but hopefully better executed and planned expansions that will make long term profits.

As it stands now we have a stock that can make $.15-$.20 EPS righ now with is 5-7.5 PE we have little debt so we can make some expansion with debt and we have an undervalued stock.

I own low to mid 5 figures also at the moement not a lot but it really has a nice floor built in.

That floor is the wherewithall of Jeff M. to buy more shares "when the price is right". I get the feeling the price is right for him if the shares ever trade at less than $1.00. I think we have very good support here but of course that is just my opinion. I think your looking at his lack of buying as a negative is the wrong attitude to have. We really do not rwant to reduce the float if possible. It is low enough.

If we can continue to have sustained profitability and clear up t he Florida legal issues (Furtney), then we will take off.

The stock will trade at $2.00 based on today's business alone. Any significnat new business will within a year or so after the acquisition take us much higher. IMO

The c