PSM Holdings, Inc. (fka PSMH)

[Royal]

PSMH As a result of the above activities, we experienced a net increase in cash and cash equivalents of $213,176 for the nine months ended March 31, 2012 . We believe our future success is dependent upon acquiring profitable and stable mortgage companies, expanding the business of our existing branches, capitalizing on the leads from mortgage bankers and NWBO and closing them into mortgage loans, obtaining additional financing from mortgage bankers with increased warehouse credit lines, and from sale of our securities to accredited investors.