Value Microcaps Motherboard

[cliffvb]

LTUS - Nice to see the PR affirming their target. The SP has had a nice little rebound from its low after earnings. I think they actually should do even better since they are basing it on an exchange rate of 7.30 RMB to $1US. As of now, the conversion rate has already dropped to 6.94 RMB/$US and the RMB will likely continue to climb against the dollar.

Converting to current conversion rates the target becomes $13.8 million. (7.3/6.94*$13.1mil)

The target for 2008 is 95% of $13.8 million in net income after eliminating the effect of non-cash charges associated with the private placement and adjusting for differences in the exchange rate between Chinese Renminbi and US dollars used in the Company's 2008 financial statements and an exchange rate of RMB 7.30 to USD 1.00.