BDE filed an 8-K on July 14 that gives some details of the operations
of Trojan Television (auctionachannel.com). I gleaned the following
bits of information from the filing:
...
Trojan Statement of Operations
Nine months to March 1999(all in British pounds, 1= approx $1.55)
Sales 218,675
Costs
and Expenses 1,024,304
Net (805,629)
Accumulating (1,324,427)
deficit
...
So, about $38,000 a month revenue. At least expenses are only 5
times revenue, a big improvement compared to the 10 to 1 ratio at BDE.
...
Balance Sheet
Total assets 45,643 with 3,764 cash
No entry for accounts receivable(?)
Current liabilities 1,015,953
...
$5800 in the till doesn't look like it is going to do much for BDE. |
