PLEASE KEEP IN MIND

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PHARMOS CORPORATION & INVESTORS CAPITAL HOLDINGS, LTD.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

We did not close any positions since the last Newsletter, and we’re not overly surprised. For the last several weeks, the markets have been marking time, thanks to rising energy prices and with special emphasis on talk of $3 to $4 gasoline possible by year’s end. The oil companies blame the automakers and vice versa while the rest of us blame both. The markets are sorting all of this out, along with the spectre of even higher interest rates. For now, there appears to be a bump in the road.

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CLICKSOFTWARE TECHNOLOGIES, LTD. & THERMOGENESIS CORPORATION

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

Since the last Newsletter, we have closed three more positions; two for some very nice gains and one for a bad loss.

DYADIC INTER’L (9/20/05). Closed position 3/22/06 at $4.13 for a 72% GAIN.

AUTHENDIDATE (12/20/05). Closed position 3/16/06 at $3.42 for a 71% GAIN.

XCYTE PHARMA (1/20/05). Closed position 3/16/06 at 72¢ for a 70% LOSS.

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CYTOGEN CORPORATION & TII NETWORK TECHNOLOGIES, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

Since the last Newsletter, we closed one position for a pretty nice gain.

ART TECHNOLOGY (8/5/03). Closed position 3/10/06 at $3.43 for a 67% GAIN.

Until we closed it, Art Technology had been our second oldest open position, one that we held onto even when the stock sank to around a dollar. We kept it for the simple reason that it usually maintained a pretty good balance sheet. However, we suspect that because of the volume, fundamentals did not have much to do with the stock’s recent surge; it was probably a favorite among some momentum players.

The first part of March was pretty choppy for the markets, as we feared it would be in the last issue. We’ve heard all sorts of reasons as to why, such as the Iranian nuclear controversy, higher oil prices, and higher interest rates looming over the horizon. But, it could have been some good old fashioned profit taking. However, we suspect that the main pall currently hanging over the market is a lack of confidence in our national leadership, on both sides of the aisle.

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POORE BROTHERS, INC. & Q COMM INTERNATIONAL, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

For the first time in 2006, we did not close any positions between Newsletters, but we are not overly upset, since many stocks in the Current Portfolio had some nice movement during the last few weeks. And, we will say this again, 2006 should be a pretty good year for the markets, barring unexpected incidents such as terrorism or acts of nature. However, we suspect that there is a pullback looming sometime, soon, because the Russell 2000 is up nearly 10% year-to-date. This usually suggests a little too much froth in the markets.

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LIPID SCIENCES, INC. & ADHEREX TECHNOLOGIES, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

Since the last Newsletter, we have closed two more positions for some nice gains.

MINDSPEED (2/20/05). Closed position 2/9/06 at $4.06 for a 57% GAIN.

NAPSTER (11/20/05). Closed position 1/31/06 at $4.90 for a 53% GAIN.

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GATEWAY, INC. & MIND C.T.I. LTD.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

Since the last Newsletter, we have closed three positions, two for some nice gains and one for a dismal loss.

BIO-IMAGING (12/5/05). Closed position 1/24/06 at $4.65 for an 85% GAIN.

CROSSROADS SYSTEMS (2/5/04). Closed position 1/24/06 at 70¢ for a 77% LOSS.

CDC CORPORATION (7/20/05). Closed position 1/19/06 at $4.36 for a 57% GAIN.

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8×8, INC. & DYNACQ HEALTHCARE, INC.

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers,

Since the last Newsletter, we have closed seven positions, five for gains and two for losses. It’s a good start to the new year.

AVI BIOPHARMA (4/20/04). Closed position 1/12/06 at $4.87 for a 57% GAIN.

EXACT SCIENCES (5/20/05). Closed position 1/10/06 at $4.75 for a 106% GAIN.

GLOWPOINT (5/20/05). Closed position 1/10/06 at 67¢ for a 65% LOSS.

SIRENZA MICRODEVICES (6/5/05). Closed position 1/6/06 at $4.98 for a 53% GAIN.

IGATE (10/20/04). Closed position 1/6/06 at $5.68 for a 50% GAIN.

AEHR TEST SYSTEMS (3/20/05). Closed position 1/5/06 at a $4.60 for a 53% GAIN.

TRIPATH (8/5/04). Closed position 1/5/06 at 44¢ for an 81% LOSS.

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CERAGON NETWORKS, LTD. & CASTELLE

***We no longer follow the companies mentioned in these backdated newsletter issues. These samples of past newsletters are generated to give you an idea of what you can expect when you subscribe. Please do not use any of the information contained in the samples below as current advice. If you would like to purchase a newsletter subscription, please click here. ***

Hello Readers and 2006,

Since the last Newsletter, we have closed four more positions, two for gains and two for losses.

NEON SYSTEMS (11/20/05). Closed position 12/29/05 at $6.16 for a 58% GAIN.

IBIS TECHNOLOGY (8/20/05). Closed position 12/28/05 at $3.00 for a 56% GAIN.

GOREMOTE (5/5/04). Closed position 12/28/05 at $1.65 for a 45% LOSS.

NET2PHONE (11/5/04). Closed position 12/28/05 at $2.05 for a 41% LOSS.

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