I would have to agree with you -- I have been watching them for months now without committing -- acutally waiting for a pullback similar to this.

Would like to see it drop closer to $1.00 comparable to what 3M paid to get in.

Based on their Annual Report, it does look like 2010 could be a great year for them revenue wise.  I like the fact they are moving into other arenas and not focused solely on gaming.  Though gaming will be good for them, the other apps should enhance their offering, their diversity of revenue and provide buffers should part of the economy continue to struggle.

Would like to see them focus on the China market as it relates to their medical apps -- huge market potential there.  I have invested recently in MDCE which is a start-up (somewhat anyway) that is focused on the medical market in China -- I think ALIF could be a player there too, espeically with their production in Hong Kong.

One concern area I have with ALIF is more dillution of shares should they need to raise more capital.  My hope is that 2009 was the year for that and 2010 is the year for growth.

Look forward to other thoughts on ALIF from everyone.

Where is your entry price?  What estimates are you getting in terms of discounted cash flow? etc.?

thc67