Some of the initial basic requirements were
1:Reducing the debt to asset value from 2007 compared to the TTM
2:Share buybacks during the last quarter of 2008 and first quarter of 2009 (opportunistic prices)
3:EBITDA for the prior 12 months greater than 0
4:Prior 12 months of SGA/ Prior 12 months of Revenue < 35%
5:Shares short as a % of float less than 2 percent
6:Balance sheet strength measured by Enterprise value / Market Cap less than 1.45
7:Market capitalization less than 60 million
4 new nano cap ideas that I missed posting Monday night
1)CNTY
Century Casinos, Inc
Resorts & Casinos
Price = $2.30
EV = $2.34
2)HBE
Henry Bros. Electron
Security & Protection Services
Price = $3.98
EV = $5.94
3)IKNX
IKONICS Corporation
Photographic Equipment & Supplies
Price = $6.81
EV = $6.14
4)TEAM
TechTeam Global, Inc
Information Technology Services
Price = $5.10
EV = $7.31
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