REDIE: .054x.057, now a SEC compliant Shell
03/24/2000 REDIE** REDI Reddie Brake Supply Corp (co compliant; see note 2)
Filed 3 SEC reports yesterday 3/22/00. They include this:
Since the divestiture of the Company's subsidiary, the
Company has not engaged in any operations. At the present time,
the Company intends to seek, investigate, and if warranted,
acquire an interest in a business opportunity. The Company does
not propose to restrict its search for a business opportunity to
any particular industry or geographical area and may, therefore,
engage in essentially any business in any industry. The Company
has unrestricted discretion in seeking and participating in a
business opportunity, subject to the availability of such
opportunities, economic conditions and other factors.
As of March 20, 2000, issuer had 59,224,952 shares of its no par value common
stock outstanding.
Reddi Brake Supply Corp. Ticker: REDI Page 1 of 10
Complete Financials: March 1997 Exchange OTC
FY END JUN
ISSUE DATA (01/15/99) PER SHARE DATA RATIOS
Price $ 0.00 EPS (TTM) $ -0.91 P/E (TTM) NM
52W High $ 0.11 Div. Rate $ NA Yield 0.00 %
52W Low $ 0.00 Book Value $ -0.25 Price/Book NM
Shrs Out 56.31 Mil Cash $ 0.00 ROE (TTM) -1,618.43 %
Float 50.10 Mil Rev (TTM) $ 1.71 ROA (TTM) -94.90 %
Mon. Vol 0.00 Mil Curr. Ratio 1.68
Beta -5.28 LT Dbt/Eqty NM
BRIEF: REDI distributes brake systems, chassis components
and other undercar parts to commercial auto repair shops.
For the 9 months ended 3/97, net sales decreased 30% to
$31.9M. Net loss rose from $4.6M to $26.1M. Revenues
reflect 15 fewer warehouses and a lack of fast moving
inventory due to financial constraint. Higher loss reflects
decreased gross profits, the closing of 7 underperforming
warehouses, and a $14.2M loss on sale of assets. |
