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Microcap & Penny Stocks : CAML lovers Where are you?
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To: Tracy Vonah who wrote (1159)12/20/1996 3:57:00 PM
From: Philip Pasteur   of 1541
 
Has anyone noticed how really BAD the 2Q numbers are??

Camelot has gone to great lengths to make it difficult to determine, but if one goes to the previous quarter report and uses a calculator they will find that total claimed revenues for the entire quarter were ONLY:

$196,599

This is from all of Camelots divisions. We have not seen numbers this poor for over a year. Seems like things are going backwards here.

Does it seem ethical that Camelot attempts to hide it's woes by releasing information to the press that relies on a previous quarters earnings (very little of which was derived by real income from sales), to mask their horrible performance? What are they trying to do here? Why do they not report real sales (revenue) figures so they are clearly evident? Why is there no breakdown by division? Where is the 10-Q that would show with some clarity what has happened in the last reportable quarter?

I suppose that these are merely rhetorical questions. There is only one answer. Camelot simply would rather that stockholders miss the truth if at all possible. If enough people can be decieved, maybe the stock might hold some of it's inflated value for awhile longer.

I find this sort of policy by a publicly traded company to be completely incomprehensible. I fail to understand why people cannot be presented with the facts in an unambiguous manner so that they can make informed decisions about investing their money! Camelot's actions just do not seem to be either right or fair!
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