By: frisky Reply To: None Tuesday, 20 Jun 2000 at 10:32 PM EDT Post # of 22903
In the first quarter of 2000, AFSI had a revenue of $60,446 and a loss of $138,702. Sale was about the same as the
last quarter but the loss increased by $130,000. Because 10,800,000 shares were issued and outstanding, the loss
was diluted to be less than a penny.
AFSI simply issued 800,000 more shares to pay its bills. In AFSI?s Cash Flow Statement, it showed that it received
$2,000,000 from issuing common stocks. Dividing $2,00,000 by 800,000 yields $2.50. In other words, the smart
people paid $2.50 wholesale price to AFSI directly. The suckers paid $8 to $11 retail price to the market makers.
I estimated that AFSI should have $250,000 sales and $560,000 loss for 2000. LOL, the market capitalization is an
astonishing $110,000,000. Relatively speaking, AFSI is worth much more than INTC, MSFT, CSCO, QCOM or
even overpriced NASDAQ e-commerce companies such as RHAT, AMZN, EBAY or even Koop. RHAT?s
market capitalization to sales ratio is 71; AMZN is 8.2; EBAY is 58.6; Koop is 4.2. However AFSI is 440.
All AFSI?s financial information is from 10ksb and 10q statements filed by the company to SEC on 5/24/2000. |
