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GAV.v Galvanic Applied Sciences Inc C$.45

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By Bobwins

Posted: Wednesday Apr 6 10:42:50PM 2011

need cash for other stocks. Sold out of GAV.v. Results from last qtr were mixed at best. Other oil services stocks are growing revs and eps by double and triple digits. Galvanic is in the gas end of things and has less demand.

By Bobwins

Posted: Monday Mar 21 8:47:27AM 2011

GAV.v +.01 to C$.54 Earned .01 in Q3, .05 for 9 months ending 1/31/11. So earnings stayed positive but down in Q3. Positives still here. Clean balance sheet, lots of cash, credit line unused. Medium term hold. Bobwins

By Bobwins

Posted: Thursday Feb 24 10:09:26AM 2011

Started a position today. This is a clean little company selling gas and liquid measurement instruments to the energy and processing industries. GAV.v has had two profitable qtrs of .02 eps after losing money in fye 4/10. They were profitable in every qtr for fye 4/09. There is a comment about flat sales that could hurt Q3 and Q4. Balance sheet ratios are excellent. Company has 3.5 million in cash or .21/share. Current ratio is a healthy 5.3. Company has no debt and an unused 2.5million credit line. The only negatives are the liquids division is losing money and has declining sales even after restructuring. The second negative is the exchange rate. The falling US dollar negatively impacts sales to US customers while the costs of making the instruments in Canada is based on the strong C$. Overall this appears to be an excellent nanocap oil services company. Will require patience because liquidity is very low. Bobwins

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