The gain from the acquisition is totally for real. They have grown industrial huge, obviously, the people at Nortech from the old days can't generate much, but nortech has the cash flow and the line of credit to buy better personnel. get rid of the CFO who cannot collect timely on the A/R and the next year will be .75 and they will have $1,000,000 cash in the bank.
i do not think there is even 1.1 million out there. I have 50k, lafitte has like 200k, the old man has 1.4mill, and management has around 100k, and there are funds that have 100k. i think there is like 800k out there. I am looking to get to 5% this year and file a 13d.