Replies to post #73026 on Value Microcaps Motherboard

[stanley01]

MLOBF re; stock split

The reverse stock split already occurred.

It seems like they sold their unprofitable division, and held onto the profitable one. If .21 quarterly EPS continues for the next 3 months, we have a stock trading at a PE of 1. This stock is severely undervalued. They have about 618k cash in the bank. Only 1.2 million shares outstanding. It's hard to find something to dislike about this company.

It would be nice for them to issue a PR though.

[researcher59]

bobkub: looks like you're right, though I'm puzzled that the December fiscal Q1 10Q filed on 3/22/07 still showed the share count at 3M+

This security previously traded under symbol MIADF .... unfortunately I can't find the trading price history on that stock.

[abh3vt]

Bobkubecka, I'm a bit confused about which quarter the company reported. Is MLOBF in their Q2 or Q1 quarter? Appears to be Q2, but they don't show 6 mos results.

I agree it looks real cheap. This would have been in my PSL 6 group, but it didn't satisfy the trading requirements.