Value Microcaps Motherboard

[steeledge]

PYOL - The story gets even better. Didn't realize it at first, but a friend pointed out to me that Mr. Michael Herman (the PYOL buyer) is the same Mr. Michael Herman that is CEO of AMEX: SNR (Sunair Electronics).

http://www.sec.gov/Archives/edgar/data/95366/000095014405000317/g92651dedef14a.htm
Michael D. Herman, 47, became the Chairman of our Board of Directors on November 6, 2003 pursuant to a stock purchase agreement entered into on August 14, 2003 and completed November 6, 2003. From 1992 until 1999 Mr. Herman was, and since December, 2003 Mr. Herman has been, Chairman and majority stockholder of Telematrix, Inc., a Colorado Springs, CO based designer and marketer of a wide range of telephones and peripheral equipment for the commercial, residential and hospitality markets worldwide. From 1999 until November 2003 he was a private investor.


I will now concede that he doesn't know diddly about oil & gas. But he DOES know diddly about how to make shareholders money. I got into SNR last summer when defense firms were in vogue. SNR was profitable but stagnant (I vaguely even remember asking hweb if he liked the stock). I thought it would be good for a short-term position, with potential earnings upside. What ended up happening was that Mr. Herman engineered financing and purchase of a business completely outside the realm of SNR -- pest control. That shot the stock from ~$5 to $17 in short order (focus on late 2004):

http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=snr&time=8&freq=1

I am entirely confident that Mr. Herman is now with PYOL to do the same type of thing...put PYOL's assets to work for shareholder value. I am a buyer tomorrow, willing to hold for Mr. Herman's leadership to take shape.