Bought Asure (ASUR) Software

We purchased Asure Software at $1.3/share at the opening on Friday as per the allocation plan. Asure (previously Forgent) has managed to claw its way back by more than 50% following the announcement of the 4th quarter 2007 financial results. Even after the run up, Asure is trading for less than cash on hand. In an effort at redefinition, the company is transforming itself from primarily being an Intellectual Property (IP) monetizing business to a “Software as a Service” (SaaS) business in the workforce management area. To accelerate its entry into this growth area Asure acquired iEmployee, an “on-demand” workforce management software company on September 2007.

Here is our updated Stock Portfolio:

Stock	Buy Date	Buy Price	Current Price	Unrealized % Return	Current % Of Portfolio	Current Yield
Philip Morris (MO)	1/4/2005	46.54	69.56	49.46	8.78	4.29
Kraft Foods (KFT)	1/4/2005	21.11	34.3	62.45	2.99	3.15
Plum Creek Timber (PCL)	5/12/2005	35.5	44.12	24.27	8.35	3.74
Pfizer (PFE)	2/6/2006	25.15	25.58	1.69	6.46	4.63
ICICI Bank (IBN)	5/18/2006	27.57	53.5	94.03	10.13	0.92
Taiwan Semi (TSM)	7/27/2006	8.71	10.743	23.35	6.78	3.4
Harvest Energy (HTE)	11/2/2006	23.46	27	15.07	7.24	17.48
Canetic Resources (CNE)	11/2/2006	13.95	15.27	9.43	6.98	15.18
Advantage Energy Fund (AAV)	11/2/2006	11.22	12.16	8.34	4.99	15.03
Suntech Power (STP)	3/14/2007	36.73	40.97	11.56	5.17	0
Central Europe & Russia Fund (CEE)	6/28/2007	51.5	58.15	12.77	5.50	9.6
Patni Computers (PTI)	8/10/2007	20.85	23.31	11.71	7.35	0.64
ValueClick (AAV)	9/17/2007	19.4	25.06	29.19	7.91	0
Bank Of Ireland (IRE)	10/1/2007	76.43	79.27	3.71	6.25	5.5
Asure Software (ASUR)	10/5/2007	1.31	1.2	-8.49	3.79	0
Cash					1.34

A detailed analysis of Asure Software will follow.