qtly report, page-31

HSB#$, the $500k nett result is a furphy. The company is in expansion mode, its profits won't come along for two or three years at this rate of expansion. But its CASHFLOW will be immense relative to its capital base. Businessmen won;t expect bottom line profits for some years yet. they will expect the following-

acquisitions at the right price
Synergistic acquisitions
Consolidation of debt
A gradually increasing share price
Management's performance options being tied to share price

NMS is a five year play, divvies coming in 2010.