Once again we are in a wait and see mode. From what we see in the report I would say the stock is undervalued. One of the newer valuation techniques for stock value states that a stock is undervalued if it sells for less than annual sales and makes a profit. We can conservately say they will do $1.3 million this year, 123 million shares outstanding, puts it at 1.05 cents. I doubt if 99% of other pennies meet this criteria and would like to know some, they would be interesting to look at.
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