R&D of 310 k is considered operational revenue which will show...

R&D of 310 k is considered operational revenue which will show up in the next quarterly ... will only need around 10% growth in receipts to get this operationally positive for next quarter. that is certainly not unrealistic given recent wins.... The next quarterly after that may also be good as staff will be on leave for Xmas period which means wages will go down but being a managed services business, income will still come in.

I am still of the opinion that at this price the company is a take over target for a Tier 1/2 Managed services provider.