RE:Response is MutedResponse is as expected given the news release confirms the slow organic growth which we all expected. On the good news side, improving margins is good. If Crawford can maintain a 20% EBITDA on revenues, that would put new PHM now at $15 million (annualized). At 14 cents, the stock is only trading at a 3.5 x multiple. Lots of upward room for movement once the exciting part of the story (growth y acquisition) gets off the ground. Crawford touches on this but states he will provide a further update later on his acquisition plans. As for the move in VMD, I believe this may be linked to the greater market exposure provided by PSDFinancier (on Alpha and some of his posts) plus expectations Bruce Campbell will be high on VMD via BNN this Wednesday