Replies to post #20365 on Value Microcaps Motherboard

[otcbargains]

Guy


Thanks for your response.

You are not buying at current price?

It appears to be extremely undervalued.

It should be discovered over the next 3 months.


.07 eps is huge.


I love the expense reduction.


I doubt they are capable of putting up .07 every q but they could put up .15 - .18 for the year.


Not bad for a .45 cent stock.



The fact that they have 1 major client does signal huge risk however.


Just imagine what happens here if they pick up more clients.


Will do some research tonight.


I wish i would have had this one on the radar before the 10q results were known and the pps skyrocketed.


It still appears to be a good buy though.

[Bobwins]

GUY, re Gamm, there was something in the 10q that bothered me.


"We anticipate that upon completion of our new platform, Tyche, the positive impact from reduced amortization and increased capitalized software development costs will not be available in future periods."

Since this is over $500K of the improvement, that is a significant caveat.

I think its worth a low ball bid, just because things are looking up but I think ongoing profits could be less than the .07. Also troubling is the lack of top line growth.

Still a nice turnaround and obvious management effort to control costs with positive results.

Bobwins