Value Microcaps Motherboard

[valuemind]

Bobwins, MVCO is really tricky company for me. When I first bought it at $11.5, I thought it was a double as it just earned 0.6 last quarter. After read its 10q, I felt the real earning might be even below 0.3 due to the following 4 facts:
1) it had sold out 47% service business at the end of August;
2) it did not pay tax last quarter, and will start to pay this quarter;
3) profit margin from service sector was abnormally higher compared to not only the same period a year ago, but also last 2 quarters this year, and I doubt it is sustainable;
4) its backlog is lower than a year ago, though higher than last quarter.
I would not have bought it at the first place if I knew the above. Even if it drop $11.5-13, I would not buy back unless someone (especially you) can explain the above 4 points (especially #3).