TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who started this subject	11/23/2000 10:01:35 PM
From: bbgold	Read Replies (1) of 150070

Hi Jim, Earnings sound too good to be true. This unpaid debt looks to me like it could reduce the earnings per share by 1/2. "NEED FOR ADDITIONAL CAPITAL. The Company had a working capital surplus of $16,118 as of September 30, 2000. See "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS." The Company is currently negotiating with the second mortgage holder on the Virginia property for an extension of the maturity date of this note. Should the Company be unable to extend the maturity date of this note it will likely need upwards of $600,000 to fund operations prior to the opening of the 2001 Faire season. Should this negotiation be successful, the Company believes that it has adequate capital to fund anticipated operations for the balance of fiscal year 2000 through the opening of the Southern California Faire in 2001. However, it may need additional capital to sustain operations after that time. Additional capital may be sought through borrowings or from additional equity financing. Such additional equity financing may result in additional dilution to investors. In any case, there can be no assurance that any additional capital can be satisfactorily obtained if and when required." Perhaps they will issue new shares to cover the debt? At least they know "which factors may affect operating results". Any way to forecast what the weather will be like next year? At least I do not think we will get another El Nino year. Sounds like they may not get the lease for the Northern California site next year so hopefully the Southern Cal fair does not lose attendance again. It sure does sound like a growing company that knows its target audience and has reduced expenses every year though. Good Luck with it Jim. :^)

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