Value Microcaps Motherboard

[southacresdave]

Wade..TELT..A negative book value isn't something that excites everyone, but they are making quick work of balancing out their shareholder deficiency.

4th Q 2008 balance = $ -9.17M shareholder deficiency (assets minus liabilities).

1rst Q 2009 = $ -8.9M

2nd Q 2009 = $ -6.8M

3rd Q 2009 = $ -4.6M

Management still has work to be done, but $14M in revenue for the quarter (the largest number in 5 years) while still cutting expenses(!) tells me that they are committed to turning this company around. It just needs time to play out.

Perhaps one day everyone will scratch their heads and wonder how they could have bought all they wanted at .60 cents after 2nd Q results and $1.60 or so after 3rd Q results. Cause if management continues to perform it won't be long before book value is positive and you won't be able to touch the company at this price.

Dave