PHTO (OTC BB .25/.70) PART 1
Finally some decent news here. Stock is at .25/.70 and 10-k came out today. altho overall sales were flat at about $7.4m, north american sales were up almost $500,000, offsetting the decline in sales in the UK due to sell of a subsidiary there last year. so actually sales were up taking into effect the UK situation. I have been extremely patient with this stock...have held it for over 2 years this time around. And if you read the information here from the 10-k I think you will agree there is considerable evidence here that patience could pay off...right now the offer price on the stock is the lowest I can ever recall seeing it...70 cents. I will be the first buyer tomorrow because no one else either knows or cares about this company. That's ok by me...for now.
And, the company made $0.14 per sh. Not too shabby.
1.1m shares outstanding
52wh 2.37
Some interesting information from the new 10-k:
. DESCRIPTION OF BUSINESS
General
Photon Technology International, Inc. (the "Company" or "PTI(R)") is a New
Jersey based high technology corporation, incorporated in November 1983. PTI is
engaged in the business of exploiting the many applications of the proprietary
fluorescence technology that it has developed.
Fluorescence is a relatively new technique that offers the following user
benefits:
o sensitivity - can detect 10,000,000 times smaller quantities than
conventional techniques
o speed - can detect 1,000,000 times faster than conventional techniques
o universal - some substances fluoresce directly, others can be made to
fluoresce, by means of fluorescence dyes that are specific to that
substance
o safe and can be used in vitro - the only competing technique is radio
active labeled substances, obviously much less desirable.
o cost competitive
Fluorescence is used to:
o measure minute amount of substances - can detect much smaller
quantities than by any other means
o measure changes in substances over time - the time can be very short
o show where substances of interest are located - can be visually
observed through a microscope
o trace where substances are migrating
Examples of fluorescence applications are:
o environmental studies - how much pollutant; where is it located; where
does it originate
o pharmaceutical studies - drug affects
o process control - impurities, contaminants
o medical - detection of diseases in early stages, such as: cancer,
Alzheimer's, heart, kidneys, nervous disorders - diagnostic
- causes of diseases - research
- reaction and monitoring of treatment
o agriculture
o foods - detection of bacteria and contaminants, measurement of
freshness
Fluorescence applications are growing, and can be found in virtually every
field, where the detection and monitoring of minute substances is of
significance.
PTI has developed a full line of proprietary and/or patented fluorescence based
instrumentation to serve as a platform for the exploitation of this useful
technique. |
