Xinde Technology Company (fka WTFS)

[TreasureCoasting]

WTFS is in my "Value Pennies" list - been following it since it's great fall last year after the 4:1 R/S. Financials appear attractive to me with $88+ MM in Stockholder Equity and earnings even though sales were soft last quarter. Appears to me their O/S is 240 MM and has been for some time (reminds me, I need an updated SS). Now, market cap appears to be $14 MM as of Friday's close (hmmmm?). http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8413720

Anyway, every time I crunch numbers on WTFS it appears grossly undervalued. Arguably, I think this should be trading north of .35 by my conservative math. Any thoughts?

It's a mystery to me why WTFS went into a sell mode over the last few days other than penny stock guru promos tend to be the kiss of death. But you know, I thought they got this one right and I had no position for the run up to .12+.

I couldn't resist at .06 on Friday so I'm in for another starter position to put a little skin back in the game. I may be early but it sure looks like we'll be in pretty solid support around .055 (+/-). Think I might try to accumulate more before the next quarterly report - probably mid-May.

Just sharing my humble view of WTFS but please make your own decisions and DD. GLTA