Hi again Cima.
I had a little extra time on my hands tonight, rather unusual these days. Don't you hate it when a day job gets in the way of a hobby? <gg>
The news release and interview caught my interest, it sure seemed positive because of the way it was presented. Thinking that I had missed something pertinent during the last couple of months I decided to have a quick look.
Anyway, to get back on topic, I checked for new SEC filings. I admit to having difficulty rationalizing the following statement from todays news release.
About Viking Capital Financial Services
VCFS provides capital services for Viking subsidiaries and to Viking's corporate customers. VCFS provides Viking's corporate customers such as banks and insurance companies with financial consulting, restructuring and capital services that have a need
for these services because of extensive growth after outsourcing various services to Viking's subsidiaries.
Sure do not mean to beat a dead horse, but here I am having problems with the wording again. Keep in mind that I am terrible with the english language, probably even worse with numbers, but the first thing that comes to mind when I read the word provides is that it is current. When I read that someone provides financial consulting, restructuring and capital services I immediately think of revenue... after all, who ever heard of a consultant that worked for free?
I thought, wow, things are picking up. Then I observe the following from the latest 10QSB:
Revenue for the 3 months ending March 31, 1999 was zero, the same as for the 3 months ending March 31, 1998, the same as for the whole year ending 1998.
sec.gov
How can a company supply these services and have absolutely no revenue? If anyone can shed some light on this subject, I would sure appreciate it.
Regards, |
