Yes and still just about $.60 on the average of sales revenue and book value. - This average should move up to at least 75% if they can turn in a profitable quarter and show some sales momentum. (and still represent a conservative valuation) That would suggest a stock price of about $3.12. If earnings increase significantly then of course there should be a higher value and if they move in the wrong direction then a lower one (sort of like predicting the weather with a 50/50 chance of being right.) -- It is too early to be able to trust the management team now in place. So far so good ...but they need to establish credibility with a few consecutive quarters of exceeding expectations (or at meeting them with no surprises). A move to the $3.12 range from current levels would be about a 25% return. Good luck to all long term investors.