Replies to post #13 on Under $10 Special Ones

[sam071]

looks good but unfortunately has exposure to the housing sector

[OldPro]

SFNN - good points and red flags...

all over the place - risky but could take off - IMO. Share structure is scary in that issuing shares in tens of millions for services, have preferred that convert to common shares at 1 to 10,000 ratio, raised authorized from 100 to 500 mil, SB-2 in July for 94 mil-----looks like when all said and done will have about 190 mil out.

Didn't have positive net income without this "During the six month period ended June 30, 2006, Club Vista Holdings, Inc. elected to write off two notes totalling $5,150,000 as of December 31, 2005, resulting in the forgiveness of debt."

All that taken into account, they have positive shareholder equity of around 40 mil, but 15 mil is goodwill - rest is valuable mortgage loans. Revenue is growing, 500 employees, and lots of loans in the pipeline.

Interesting play. Not one for the list though. All IMO.