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Post# of 173793
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steeledge

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steeledge

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Re: None

Tuesday, 05/29/2012 11:43:24 PM

Tuesday, May 29, 2012 11:43:24 PM

Post# of 173793
WUHN files for 1/10 reverse split. Will result in a float of < 1M shares.

The stock is undervalued by most measures (BV ~ 2.67), had a pretty decent quarter last quarter (diluted EPS +.03; http://sec.gov/Archives/edgar/data/842694/000114420412030814/v312971_10q.htm), and is doing this reverse on the heels of some of the most crazy moves in microcaps i've ever seen (RCON, BEST, CLNT, ROSG).

Most of the above r/s movers tanked after the reverse, before turning things around in a big way. That may well happen again, but i'm making sure i'm long heading into it just in case. The r/s date hasn't been set yet, but the PRE14C indicates some time in June.

http://sec.gov/Archives/edgar/data/842694/000114420412032001/v314522_pre14c.htm

Solid DD combined with timeliness and conviction is a recipe for profits.

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