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Hi folks! I took on a long position

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KeepingtheFaith3 Member Profile
 
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KeepingtheFaith3   Wednesday, 08/31/05 11:58:30 PM
Re: None
Post # of 70 
Hi folks! I took on a long position today based off the assumption that PFNH appears to bottoming in the low .20's. I have to admit that I almost scared myself away after doing a little DD. Yikes, the financials from the first half of the year are really bleak! Then I saw the letter to the shareholders from the first week of August. Looks like the CEO was trying to bolster the share price prior to releasing the second quarter '05 financials. However, the shareholder letter gives a strong indication that management still fully expects to realize '05 revenues of 8 millon U.S. dollars. Lets hope that the CEO's trip to China is a successful and profitable one. The price/performance details they have provided on their ethernet card accelerator sure seem promising. Thanks Trade_4_Money for starting the board, and bringing the stock to our attention. Hopefully we're getting in on the ground floor, right before the company provides much needed good news regarding significant sales of this product. Can you provide any more details from your phone call to the company?? I have sent an email to investor relations , trying to glean more info. I'll post their response as soon as I receive it.

Long, Strong, & KeepingtheFaith


Long, Strong and KeepingtheFaith
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