Value Microcaps Motherboard

[John Bates]

Lentinman/Hank, PHPG- I was just looking at the pre-announced revenue. They're expecting around 2.9M, similar to EZEN. Last quarter was profitable, about .01 on about 400K less. It's just a hope that with basic expenses covered on 2.5M, the additional amount will hit the bottom line a bit more efficiently. So, it could be around .03, but who knows. Regardless, it should look like a big turnaround situation, and with the Northrup Grunman relationship it should get a decent PE. It is, afterall, a popular stock.

I should note that I only have a 1.9% position here. I'm probably down somewhat on current shares, but don't really pay much attention to the $1-$1.25 swings. It is a stock that many loaded up heavily on when the Northrup PR came out (around $2), and I think some doubled up under $1 and some may let shares go when they need money. So, the stock has overhead resistance and can be volatile. It works both ways though.