PSM Holdings, Inc. (fka PSMH)

[Royal]

PSMH Operating Expenses Our total operating expenses increased by $3,368,353 or 210% to $4,973,111 and increased by $8,272,463 or 204% to $12,324,377 for the three and nine month periods ended March 31, 2012 , as compared to the same comparable periods in 2011.