To All:
From the June 1997 SEC Filing:
Remember these are 1997 results not 1998.
"The Company's operations for the second quarter consisted of bidding for construction projects and formulating a plan of operation. The Company was unsuccessful in its attempts to procure revenue construction projects during the
quarter.
Net service income for the quarter ended June 30, 1997, was $44,143 as compared to $518,145 for the second quarter in 1996. Unfortunately, this is due to Tomahawk's inability to procure any revenue construction projects.
Operating expenses decreased from $377,811 for the quarter ended June 30, 1996 to $63,556 for the quarter ended on June 30, 1997. The decrease is due to lack of operations from its construction subsidiary.
General, and administrative expenses were $53,862 for the quarter ended on June 30, 1997 as compared to $$637,726 for the second quarter in 1996. The decrease is due to no significant operations for 1997,
The Company's net loss went from $418,816 for the quarter ended June 30, 1996 to $84,839 for the quarter ended on June 30, 1997. This decrease is due to the Company's efforts to eliminate unprofitable operations.
The management highly recommends reading this Form 10-QSB in conjunction with the Company's Form 10-KSB for the year ended December 31, 1996, in order to gain a more complete picture of the Company's financial condition."
Remember, 1998 10-Q expectations have to be balanced against this background.
Any revenue is a plus.
Any Assets are a plus.
Cross your fingers.
rev her up and lets go!!
WineOh |
