Stockchase Opinions

Robert McWhirter Grey Island Systems Intl GIS-X RISKY Apr 08, 2008

(Market Call Minute.) Very speculative. California contract of $15 million in Orange county was expected but hasn't been delivered yet. Hoping that they will be awarded by the end of June.
$0.290

Stock price when the opinion was issued

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COMMENT
Very small company with a very small float. Trading at 10 X P/E at 2007. Could take a few years for anything to develop.
COMMENT
Had a run up from $.20 to $.40 followed by another one to $.60 with good volume, so obviously there is some good news. He sees the qualities starting to improve.
COMMENT
System is basically used to see when is the next bus arriving. Significant amount of cash and a pretty visible backlog. Pretty good opportunity for the company.