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Microcap & Penny Stocks : PINC - Planet City -- Software and Services

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To: ztect who wrote (944)11/13/1998 9:41:00 PM
From: Tom C  Read Replies (1) of 1754
 
OPINION SECTION

My point? There is no point.

I could not say it better then you, when describing you post.

You also have no point...as usual.

FACT SECTION

From the Consolidated Cash Flow Statement -August 31, 1998

Cash $313,993
Total Current Assets 313,993

planetcity.com

CASH FLOWS FROM
FINANCING ACTIVITIES:
issuance of stock for subsidiary 609,900
increase In loans payable 717,888

Increase of common -
stock for cash 324,962
Increase in loans receivable -
related parties (49,000)

Net Cash provided by
Financing Activities 993,850 488,

NET INCREASE (DECREASE)
IN CASH 313,020

planetcity.com

OPINION SECTION

It looks like PINC's balance sheet is dominated by Financing Activities (mostly for stock) Please point out the revenue entries on the balance sheet.

Tom

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