RE: Q1 resultsWell we know the Dec 31, 2009 balance sheet is worth approximately
.28 / share. Since the company has positive cash flows from operations we can expect the quality of the balance sheet to only improve. I use this balance sheet value as a floor value for the company.
I expect the March 31, 2010 balance sheet to be worth approximately
.28 - $30 / share. Any positive earnings in Q1 will be promising and will increase the value of the company. Based on the news release and Dec 31, 2009 MDA I expect positive earning in Q1 but who knows to what extent.
Looking forward to the results.