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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ray Rueb who wrote (20289)	12/22/2004 1:15:15 PM
From: Lazarus	Read Replies (1) \| Respond to of 78740

Ray - i dont disagree that PSCO looks like a dog... and perhaps will always be a dog. i do speculate a LOT on some of these penny plays but when i do so i try to have some method to my madness. Protosource has been around for a LONG time and used to be based here in my hometown of Fresno CA. the stock was at one time around 8 bucks. i watched it over the years as it failed at its business plan -- all the way down to where it is. they ended up selling off the business to management and became a shell and then earlier this year merged P2ionline into the shell. since they have been around the internet business a long time they have some good contacts. BrandX networks the company that used to BE protosource is one of their partners and i have done business with BrandX and they ARE good folks. Protosource does have a good customer base - although it looks smaller now than it was a year or so ago. what they do it simple - they work for companies like the LA Times that have a printed version of media that they want to convert to an internet version. the company outsources most of its work to its office in Kuala Lampoor in Malasia where they have about 50 employees. they also have some proprietary sowtware set up with BrandX networks as well. it seems to me that this is a niche market that could be in high demand in the future and if PSCO survives they would have a huge edge on the competition - imo i also believe that protosource has a good relationship with its investment banker. if you look at the last quarter it wasnt too bad. there are around 32 million share OS but the majority of those were issued for the merger and have a 3 year lock up. that leaves around 8 million shares or so in the float - perhaps less. certainly not for widows or orphans - but imo shares purchased in the 3 to 5 cent range could pay off in the future if the company mamages to survive and execute its business plan. if you buy 5k shares at .04 and i am wrong - you could lose you entire $200.00 investment. but - if ..... Lazarus