TRNT - Let's play a "what if" game here. They made a mistake branching off into hardware sales. They divested themselves of that last summer. They've become delinquent with the SEC, not filing since a 10q last May. But in that 10q they showed revenue of "Services 1,253,580," the business they are still in. That was for 3 months, so say they did $3 million for the year. In the NT 10q filed last month they stated this:
"The Corporation will report a small profit for the quarter and six-month period ended December 31, 2011."
So what if they resume filing with the SEC and show a return to profitability?
The last reported share structure is excellent for this price range.
"Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of May 13, 2011: 4,823,304
Capital Stock - Common, $.01 Par Value, Authorized 15,000,000 Shares; Issued 7,408,524 at March 31, 2011 and June 30, 2010 [of which 2,585,220 are in Treasury at March 31, 2011 and June 30, 2010]"
I'm holding some in case they're on their way back, in which case they may end up with a market cap worth 1 year's revenue. Worth a shot on that basis, imo. Patience required.
My posts are my opinion. Do not be influenced by anything you read on any message board website unless you can confirm it.
