Value Microcaps Motherboard

[abh3vt]

Wade, PrimaryAds wasn't officially acquired until after the close of Q1, but if it had been, it would have added just over 900K pretax:

Gerard M. Jacobs, the Company's CEO, stated, "This important acquisition justifies the size of Think Partnership's $15.05 million private placement of common stock last December. PrimaryAds earned $921,635 pre-tax during the first quarter of 2005, and is rapidly growing. We expect THK to meet, and possibly exceed, our 2005 earnings guidance of $0.20-$0.25 per share, after taxes, on a fully diluted basis. We expect that the shareholders of PrimaryAds will earn most, if not all, of the $16 million earnout portion of the merger consideration."

http://biz.yahoo.com/bw/050425/255364.html?.v=1

This is dated April 25, so the Q2 will contain 2 months of pretax income for PrimaryAds.....so roughly 750k?

That would add roughly 0.01 to earnings in Q2 (fully taxed and diluted) before any increases in their other divisions. Going further forward, an extra 1MM pretax per quarter would add close to 0.02/share (ft, fd).

They did this part of the deal mostly in cash, so its impact on the bottom line could be substantial. That's why this lawsuit, if unsuccessfully resolved, is such an important factor.