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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Crossy who wrote (14761)	12/7/2005 6:16:31 PM
From: Patentlawmeister	Read Replies (1) \| Respond to of 37387

Crossy - the weird thing about HURC's just reported quarter is that had they paid 35% tax, their net earnings would have been .55 per share, equaling the one analysts' estimate! Operating income was $5.4M, net income was over $7M instead of in the high $3M range. Instead they used an income tax benefit whereby the net income exceeded operating income. No problem with this but now you can argue the shares at $27+ are perhaps fully valued. THis wasn't the case in the spring when the sharks took it down to the low teens during the bear trend. I'm still holding my 50 leftover (forgotten) shares in an obscure account i bought at $2.50 just two years ago on your recommendation! The lion's share i already sold which offsets my whopping MFIC.ob paper loss this year! In edit - most (~95%) of those $2.50 shares i sold around $2.85 a few weeks later.

To: Crossy who wrote (14761)	12/7/2005 6:20:18 PM
From: jayt	Respond to of 37387

So Barron does indeed have allot more stock to convert and dump on the market. What problems could this cause besides the obvious? I saw today as an opportunity, but maybe I am being foolish in my newly found growth story. I guess we'll let the volume and price tell us if we are wrong on this one. - JT sec.gov Note 3 – Sale of Unregistered Securities On March 7, 2005, the Company consummated a private placement with Barron Partners, L.P., (“Barron”) a Delaware limited partnership in which the Company issued 1,500,000 shares of Series A Convertible Preferred Stock, and issued warrants to purchase 750,000 shares of its common stock at $2.00 per share and warrants to purchase 750,000 shares of its common stock at $4.00 per share. Barron’s cash consideration for the Series A Convertible Preferred Stock and warrants aggregated $1,500,000. The 3,000,000 shares of common stock underlying the Series A Convertible Preferred Stock and warrants were registered on Form SB-2, registration number 333-124996, effective August 31, 2005. As of September 30, 2005, Barron converted 225,000 shares of Series A Convertible Preferred Stock into common stock. The fair value of the warrants issued was estimated on the date of grant at $122,415, using the Black-Scholes option pricing model including expected volatility of 75% and average risk free rate of 3.71% and an expected life of three to four years.