US BioTec Inc (USBC)

[mket01]

Hello. I am new here but I've been a long time holder of USBO stock.
I am little puzzled by the recent news anouncement. PHS Group has "160 Employees" and $81M in revenues in 05-06. How can USBO afford to buy such a company?

After the multitude of "great sounding" news releases in 2004 and early 2005 (Stock had actually traded well over $2.00 in Sept/2004), it is obvious that there is no "real" interest in the company's products, at least so far. The latest stream of news all sound like empty promises to me, just like the financials that we've been waiting to see for so long.

So, to recap, I am really suprised by the PHS Group acquisition and really don't know what to make of it. If USBO trully has the ability to acquire them, then isn't the current stock price drastically undervalued?