Folks,

first of all greetz from Germany. I hope you are doing well. Good to see old investors still on board. Shows me I am not the only crazy idiot out there:-)

I do see positive changes though since we have RG on board. I follow the stock for almost 4 years now and now really have a good felling.The strategy makes sense and seems to be executed. But SP is sad!

And still the transparency of PTSC sucks. Lets be honest. We do not know jacksh..

So we have to keep guessing:

And I guess the price for Xflo paid was probably pretty high. So please do not get mad when the numbers come out. Probably it looks like an expensive buy.

Usually within the private equity ambit we measure prices for companies by the EBIT. Sometimes EBITDA an Cashflow as well. But the EBIT is always a good thing to check on a company price without knowing all the details.

The prices for companies vary. For example a company in the automotive ambit is worth the 5-6 x EBIT.

Software companies are worth more. I do not know for sure but it is probably about the 8 - 12 X Ebit.

All this for sure only makes sense if the company makes a positive EBIT. I do not know if Xflo makes a Gain before Int&Tax.Also if you buy a company with a bright future you pay more. I have heard about buyings for the 20 X EBITDA and more which is awfully much.

I guess that is the deal with Xflo. We paid a lot for the future and it fits in our strategy.

So my point is:

1) Dont expect too good numbers of Xflo.

2) Numbers are past anyway. We want to see the future. (businessplan...)

3) Before we do not see second why give out more stocks. Heck...RG we have enough out there. Show us the first Buy is a good one and you get more bananas for the apes.

Guys have fun at the SHM and dont make it to easy for them. Dont forget: The facts have it. And it is fact that the SP sucks!!!

Yours Simon