RE:Lets be RealPHO is a classic example of product concentration risk- they have only few products. When they get orders they get it a lot else it just dries up. The stock is trading above 1 because of the 43M cash - my concern is if they burn that 43M and go and acquire somthing small ( or wont move the needle much) - we go lot lower. Hope cool minds prevail at PHO, hang on to the cash and let the storm pass......