It looks like OSEE starts awakening. No wonder, after the K last spring it went to above 0.1. Can it do the same this time around? Let's hope so. The ingredients are there:
From the last K (late last week): "Revenue from the continuing operations for the twelve months ended December 31, 2004 were $4,331,000, compared with revenues of $3,294,000 for the same period one year ago."
Plus:
Years Ended December 31
2002 2003 2004
Revenues $4,803 $3,294 $4,331
Operating expenses:
Selling, general and administrative
expenses 3,696 3,933 3,692
..............................................
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and, most important (to me, at least):
Net loss applicable to common stockholders
basic and diluted ($0.13) ($0.14) ($0.02)
Number of shares used to compute per share
data 73,092 56,695 56,726
700% reduction in net loss compared to 2003, yet no increase in the # of shares, to me this means a lot. If after the bad K last year the PPS went to over 0.1, with this much improvement in the numbers, I don't see why the market value (and implicitely the PPS) won't start going at least as high in the near future. Today was a good start. All we need is some volume. Lock up your shares folks. I trust this starts moving! As always, do your DD.
Mike
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