Sunday, November 09, 2003

OTCBB $Volume for October was even better than September.
It was nearly 400% better than October 2002.
If $Volume on the OTCBB is rocking does that mean
business is good or is wild speculation indicating a correction?

Perhaps it's a little of both. After most indexes hit new YTD
highs last week (including Pennyheaven Super 7) a little
consolidation would seem likely.

A few of you wrote in inquiring about FADI which is now TFAI
Here's the story thus far...

First Aid Direct FADI was a Pennyheaven Super 7 pick in
January. They were quiet most of the year never leaving
the .10 - .20 range. Then at the beginning of October they
sold nearly all assets and netted close to $1million cash.
http://biz.yahoo.com/e/031007/tfai.ob8-k.html

FADI then used said cash and some new financing to buy
Kishi Consulting, Inc, a Canadian IT company. They
changed their name and symbol in the process. First Aid
Direct is now Total First Aid TFAI. What's interesting is that
it has the feel of a reverse merger.
http://biz.yahoo.com/bw/031105/55354_1.html

As a result of the acquisition and the private financing, management and
shareholders of the acquired companies will assume operating control of
Total First Aid. Kishi and Centos are information technology consulting
and outsourcing companies with extensive experience in the IT industry.
Audited financial statements of Kishi at June 30, 2003 and Centos at
March 31, 2003 reflected total sales on a combined basis of $8,047,000USD
and profits before taxes of $266,019. For the September 30, 2003 quarter,
Kishi and Centos had combined sales of $2,185,985 and profits before
taxes of $128,067. Kish and Centos are wholly-owned subsidiaries of
3323455 Canada Inc., which was acquired by the Company at the time
of the acquisition.

Someone certainly liked the deal.
TFAI was up over 100% Friday (.51)

Feels like we traded up.

I'll keep you posted

GP@Pennyheaven.com

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