Fair enough. The reason for the catheterization info is this: I read on another stock thread that a person was invested in a stock but had no idea what the industry or company was about. I know that not everyone is this way but if there are a few out there as it regards MIOA, I am sure they appreciated the effort.
Jones(and others), I have read the report and chopped it up as best as I can:
FPII 721,244
Caths 398,682
ADDED 1,119,926
total revs 1,919,926
subtract 800,000
Did YOU read that they sold a cath unit for 100,000 now in cash and 700,000 to be paid in full by 12/97????!!!! Coincident that the difference is 800,000? I think not. Could this be the answer to the question of why no positive cash flow?!!! And did you notice that expenses were 1,508,427? So, what if the sale of equipment was not done in March 1997(a desperate attempt before the quarter ends to make due on a promise of positive profits), would we have seen a LOSS of 388,501?
Miller |
