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Friday, 08/10/2012 12:18:50 PM

Friday, August 10, 2012 12:18:50 PM

Post# of 8799
Taking into account the 1-for-20 reverse split effective on 12/23/09, the all-time high for this stock was $14.00 which was reached on 7/21/09. By contrast, the all-time low was $0.14 which took place, last year, on 10/12/11.

With the benefit of hindsight, it is clear that this stock got way ahead of itself when in July of 2009 the company carried a market value of around $205 million. At that point in time, this company had revenues at an annual run-rate of around $4.6 million, and was selling for approximately 45X annual revenues.

Fast forward to today. This company has a annual run-rate for revenues of about $9 million, or twice what is was in 2009. With a little over 20 million shares outstanding, and a price of 0.40 cents, this company is being valued by investors at approximately $8 million, or less than 1X annual revenues.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6954741

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6878127
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