Value Microcaps Motherboard

[cliffvb]

Whai.ob
I'm surprised a brilliant former banker bought into WHAI on the earnings report. They had preannounced 1st qrtr earnings at 8-10c in a recent CC. They hit the low end of that AND one-third of that was due to a one-time item. Current liabilities exceed current assets by a large margin. Toss out the goodwill and intangibles and they have negative stockholder equity of $35 Mil.

Medical staffing seems like it would be a great industry to be in but others are having a difficult time at turning a profit. Take a look at MRN. With a huge shortage of qualified people, it is difficult to hold onto good people.

Maybe I am missing something but other than the promises of an unproven management team, I don't see much to hang my hat on here.