Daniel,
Yes I am invested in TSSW. Volume has been very low recently. The company's software business has been marginally profitable. The company has reported a profit minus amortization and goodwill costs which are decreasing each qtr.
The company will have its first opportunity to take some profits from its PRTS base investment. TSSW has about 260,000 shares with a preIPO price of $2.5 per share. PRTS is trading above $7. Not sure if TSSW will sell in August or hold for higher prices. Several other preIPO positions to be released soon.
Still comfortable with Pierre and the VP's inside ownership which is approx 40% of all shares. Lots of incentive IMO for the CEO to turn the company around.
DC |
