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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]
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To: Rande Is who wrote (1563)3/30/1999 1:41:00 AM
From: Ga Bard   of 4766
 
Rande ... it is not often you see the following in an filing on an
OTC stock which I took from the last 10qsb

FINANCIAL CONDITION
The Company's financial condition remains healthy. Reflecting its highest
level of sales for a quarter from its long existing business and the advent of
the revenues beginning to be derived from its cellular phone battery product
line, a comparison of the Balance Sheet at October 31, 1998 to July 31, 1998
follows:
1. Total assets increased by 1.5% to $2,794,046 and current assets
increased by 2.8% to $1,137,410.
2. Mainly because accounts receivable increased by 50.6% to match the
sales growth, current liabilities increased by 3.1% to $746,715.
3. Other Balance Sheet comparisons which Management views as also
consistent with increased revenues are:
a. Long term debt, net of current portions,increased by 3.4%
b. Current debt items increased by 9.6%
c. Cash decreased by 56.5%

Aside form cash decreasing the rest is increases ...

:-)

Gary
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