Happy Independence Day to all!  Worth reading:

• BAB, Inc. Reports Profit for 2nd Quarter FY 2008 – Another quarter, another $.02 profit. Nearly all of it will be given back to shareholders in the quarterly dividend, and that’s fine with me.
• NetSol Technologies Signs LeaseSoft Agreement With Major European Bank – I was lucky enough to sell NetSol (Nasdaq:NTWK) over $3. At some point soon I may repurchase.
• Air Industries (AIRI.OB) bridge financing – this is ugly, and explains why shares are currently being sold and shorted
• China 3C Group Hits Major Milestone – via Seeking Alpha – Is the partnership between CHCG.OB and Chinese chain store Yongle really a milestone achievement? I’m not so sure, but its certainly an incremental positive.
• Can uWink Serve 600 Trillion Games? – Atari & Chuck E. Cheese founder Nolan Bushnell claims his latest restaurant-turned-entertainment-software-hub concept will deliver astronomical numbers. We’ll see…
• American Vanguard: Strong Agricultural Prospects Should Help Overcome Debt – I too have been watching American Vanguard (NYSE:AVD) as an under-the-radar microcap ag play
• NewMarket Technology, Inc. Announces $4 Million Contract – Finally, real news coming out of the company instead of perpetual dribble about corporate plans and business model. NewMarket is still growing — though not at its earlier torrid pace — and is profitable. I’m in for a spin.
• BAB, Inc. Announces Dividend – Want a microcap with dividends? Though it trades under $1 — well into the range most would call penny stocks — BABB.OB continues to pay a $.02 dividend, quarter after quarter (plus a bonus special dividend from time to time).
• Summary of NACEL ENERGY CORP 8-K – After reading the 8-K, I would avoid Nacel Energy (NCEN.OB) at any price.
• SGS Five Investing Pitfalls: #3 The One-Dimensional Thesis – THIS IS A MUST READ.
• ARI Acquires Assets of Info Access – this accretive acquisition should bolster ARI’s position as a niche supplier of parts management software and websites.

DISCLOSURE: Long BABB.OB, NMKT.OB, CHCG.OB, AIRI.OB as of this posting.