ETPI-Military Entertainment Enters Civilian Market Message Board

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Microcap & Penny Stocks : ETPI-Military Entertainment Enters Civilian Market

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To: wallstreeter who wrote (4588)	7/30/1999 12:26:00 PM
From: Gator	Read Replies (4) of 4767

Just had a long talk with Doug. Company is doing great ("as good as they've ever done"). Cash flow is very strong, especially from water park and VisionQuest Productions. Strong cash flow has allowed them to reduce debt by $80K last month. Water park should do close to half a million for the season, only costs $4,000/day to operate, so cash flow is excellent there. Financials should be out August 16th. Can't estimate an earnings number because it's hard to figure the impact of depreciation (auditors are doing it). Key is the cash flow. They've bled cash the last couple of quarters, it sounds like the cash flow will be strongly positive this quarter. Whether or not they actually post a profit is dependent on the depreciation amount (which is kind of soft dollar funny money anyway). As always, the EBITA number will be the key number to look at, and I think we'll be pleased. Gator Disclaimer: I have received 10,000 shares of restricted, Rule 144 stock for providing various consulting services to the company.

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