PharmChem Laboratories Inc (PCHM)

[LMLYP]

The company offered 12 cents on the dollar to creditors in 2008.
Sales were $1.2 million in 2004.
Sales were $1.78 million in 2010.

The earliest posters here say that the company fleeced their creditors with the offer and threatening bankruptcy. Maybe that is correct. In my opinion, equity should have been part of that settlement offer. Playing Monday morning quarterback is easy. Others I've spoken to about this symbol said it is business as usual and had no problem.

You suggest a fleecing may be underway again, and tick tock, this is about to become a dinosaur. I don't know.

I am suggesting the company continues to generate revenues, profits and cash. I've personally protected myself so there is no regret factor while looking forward to the next dividend and dilutive ESOP proposal. What I'm not looking forward to is your picture of a dinosaur facing extinction. We've already faced regulatory issues the past 25 years.

What I am looking forward to is expansion of current programs and new ones and upside revenues and potential that will surprise all of us.
Buy the cash.

BUY