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Re: thesmalls post# 3585

Saturday, 02/22/2014 12:01:46 AM

Saturday, February 22, 2014 12:01:46 AM

Post# of 49370
hit send to soon.

they did $1.2MM in 2012. if 2013 was truly an anomaly due to poor capital mgmt that left them cash crunched - then that should be the real base. take that, the backorders, unmet demand, and $1MM from Japan in 2014 and that could realistically provide $3MM in revenues for 2014. at 133MM outstanding shares - $0.10/share gives market cap of $13.3MM which is very reasonable for an emerging company with $3MM in revenues and, probably, limited net income due to accrued debt.

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