Value Microcaps Motherboard

[ghmm]

Problem?

The stock is only $3.00 (low $2's before today). Yes .23/Q going forward may not be the norm and they did announce a big order but to speak of it as a problem. Even if they make half of that going forward the PE is 6-7. If I'm not mistaken this was to validate a specific engine and there could be the opportunity to get follow-on business (going by memory so please check yourself).

Then one day we could wake up and hear they have come to an agreement with the NJ Wildlife or whomever is in charge and a portion of their land is no longer protected if even half of that is allowed we are looking at 6 million and lets see there are 1.36 million shares outstanding so your looking at a one time pay day of 4.4 (I know you could say it is not worth that today or it'll never happen or ... but it could be that we could be able to monetize all of it too.)
http://www.sec.gov/Archives/edgar/data/28561/000002856105000014/k8july2505.txt

Oh and btw management previously turned down a $5/share buyout offer.

http://www.sec.gov/Archives/edgar/data/28561/000002856102000014/resp8k.txt


If you are looking to get shares on the cheap I'ld say the float makes it hard. If you are looking for spots OK every company has some and you can find if you look but I think Dewey is pretty cheap here only wish I had gotten more (I generally don't by stocks on runups).