Tom,
Like yourself, I have been in and out of TINY (which is up nicely in pre-market trading this morning). It allows you to track the interest in the nanotech sector without the risk of holding a specific security in what is still a very speculative niche. My only problem with the stock its premium to the NAV, which as of 9/30/06 is actually down from last year at this time.
Regards,
Glenn
Harris & Harris Group Reports Balance Sheet for Nine Months Ended September 30, 2006
Wednesday November 8, 6:01 pm ET
NEW YORK--(BUSINESS WIRE)--Harris & Harris Group, Inc., announced today that, as of September 30, 2006, its net assets and net asset value per outstanding share (NAV) were $115,048,343 and $5.54, respectively.
Harris & Harris Group is a publicly traded venture capital company that makes initial investments exclusively in tiny technology, including nanotechnology, microsystems and microelectromechanical systems (MEMS). The Company's last 30 initial private equity investments have been in tiny technology-enabled companies. The Company has 20,756,345 common shares outstanding.
Detailed information about Harris & Harris Group and its holdings can be found on its website at www.TinyTechVC.com.
SUMMARY OF FINANCIAL RESULTS
-----------------------------------------
Sept. 30, June 30, Dec. 31, Sept. 30,
2006 2006 2005 2005
(Unaudited) (Unaudited) (Audited) (Unaudited)
Total Assets $118,975,063 $120,100,765 $132,938,120 $132,523,181
Net Assets $115,048,343 $115,166,300 $117,987,742 $123,376,692
Total Net
Income Tax
Liability $ 38,938 $ 1,354,502 $ 9,637,334 $ 1,353,454
Net Asset Value
per Share $ 5.54 $ 5.54 $ 5.68 $ 5.94
Shares
Outstanding 20,756,345 20,756,345 20,756,345 20,756,345
(TINY-P)
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