IMO the company is doing fine in term of solvency. We were profitable last quarter, what is all this talk about bankruptcy etc? Look I think the company is just plain undervalued here bottom line. PIHN is doing about 4-5million in revenue a year with about 600k in cash on hand as of last quarter, and the market cap is under 1.5MM. Bascially you could buy the entire company for 1.5MM when its producing revenues of 5MM a year? Debt at this point should be under 1MM with the dilution that occured, or they should have a large amount of cash on the books. From glob's email it appears they are trying to obtain financing for the new acquisition. This would be a major home run for the company as revenue would increase to prob around 20MM per year. Hopefully they can get a decent deal and close the financing needed. The stock price is where its at because of the lack of news and added shares to the float. IMO we should be at least trading around .0007.
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