Your math is whacked. The $5.1MM figure is misleading as HOMS didn't own 100% of SHC. From today's 10Q:
On August 29, 2007 the Company received 673,317 shares of Vuance, Ltd. ("Vuance") common stock in exchange for all of its preferred stock in SHC. The Company valued the common stock at $5.17 per share, the agreed upon price in the sale transaction, and accordingly recorded a $481,409 gain on sale of its majority interest in SHC. On September 30, 2007 the fair value of the Vuance common stock was $5.02 per share. As a result of classifying the Vuance common stock as available-for-sale securities, the Company recorded a decrease in the value of its investment and a corresponding reduction in Shareholders' Equity in the amount of $103,899, reflecting the change in the fair value of the securities as an unrealized loss.
HOMS paid $3MM for 61% of SHC and got shares worth $3,481,409 when they sold it. They can only sell 1/8th of the shares in any quarter, so it will take two years to cash out. The 'profit' has declined to about $380k; and that's not considering the 10% interest that must be paid to Cornell for the original $3MM. By the time HOMS is cashed out, the interest will have eaten the profit, so the whole deal is really just a push.
