just noticed a just published new research and due dillegance report from a apparent well respected New York firm, Arrowhead BIS.
Its only just been added to the Arrowhead Bis website and Mikohs.
Its a 17 page report and puts a lower end valuation of 6.4c a share and a high end valuation of 13c a share. The report states the valuation is based only on current business and revenue contracts - ie The recent 3 year $22 million $$ Thialand contract and has applied a high discount.
Very in depth and perhaps gives hope that maybe all is not lost as many currently believe.
Only time will tell but at a current 3c a share if this report is to be believed and correct then maybe the constant selling and total negative sentiment by most has been way over done and where all missing a good oppurtunity.
I like many have very little faith in the chairman and current board however i hope i am proven wrong
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