SI has an old thread discussing HAUP late in 1999 to 2000, some of the points you are making were made there. Of course, HAUP has been an "Orphan value" stock of this thread since this thread inception in July 2002....a lot of lucky guys got in around $1....sold around $4 and got back in some of them under $3 (I screwed up the reentry, too a loss and reentered around $4.15, but I am not complaining at all on that one.