Roger Neal's other new client, CCCX, looks like more fun.
According to the 10k, the company's business consists of <nutritional
supplements, personal care, home and auto, and pest control products , and the husband-and-wife executive team has business experience consisting mostly of MLM stuff. The auditor gave them a going concern qualification.
Since Neal took over their PR this month, he's got the CEO signed up for an interview with thewallstreetreporter.com, which he also did for ZERO and PWEB.
Two days ago he issued a news release with the boldest of all hype -
earnings and revenue projections:
Centre Capital Corporation's 12 month Pro Forma Statement of Operations projects $41,588,809 revenue with net after tax income of $12,767,136.
That's interesting, because during the last 6 mos. the company had only $221,662 of revenue, according to the 10Q.
The projection also appears in an 8-k filed this month. In the 8-k, it says that:
Other existing product sales were forecast in the amount of
$36,159,750 for the 12 months ended June 30, 2001 due to increased promotional
and advertising efforts plus endorsements.
Let's see. Neal expects his client to get roughly 8,000% revenue growth from existing products simply by increasing their advertising.
Ummm. I sure hope Neal is able to pump this stock, and PWEB, to even more ridiculous valuations. I want to make some more money off of him. |
