Bottom Fish Stocks (between .10 and$10)

[Potse]

DION(.115)...semiconductors, China website.....

The Chinese website for DION was registered on October 8. It is not entirely functioning/updated correctly, but it is one more step toward what I anticipate will be a significantly improving future for the company.

As I have mentioned in other posts about this particular stock, I continue to believe that DION is not receiving the attention it probably should be getting. When you have Roy Teng (a managing director at Brean Murray, Carret & Co) and his father purchase majority control of DION, it is something worth noting. Teng's position at Brean Murray's China office involves a great deal of investment banking work with small/medium companies in China. As such, Teng has significant insight/contacts across China and a pretty good knowledge base of private companies looking to go public. That makes his personal investment/involvement with DION quite interesting, as I do expect that at some point in DION's future a merger/acquisition strategy will be implemented.

In the last couple of years DION has shown the ability to be basically break-even or profitable on less than $1M in revenue, which IMO is pretty interesting for a high-tech kind of company like this. I am unsure how the increased marketing presence in China might impact the near-term expense line, but relatively "minor" improvements in revenue could very well have significant positive impacts on the bottom line (margin improvements as a result of facility utilization, etc).

Fully-diluted share count is less than 25M (includes a $250K note that CEO Bernard Kravitz can convert at 9 cents). Also worth noting that as part of the change in control the CEO has a put option agreement in which he can sell 1M shares of his personal holdings to the new investors at a price in the .30-.80 range when his employment contract expires in October 2011.

China website.....

http://www.dionics-china.com/index.asp