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Biotech / Medical : GMED - GenoMed Inc.
GMED 83.90+36.0%Nov 7 9:30 AM EST
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To: jmhollen who wrote (187)9/24/2004 12:40:08 PM
From: Tadsamillionaire  Read Replies (1) of 347
 
GOOD NEWS.....We recorded net income of $52,739 in the three months ended June 30, 2004, as compared to a net loss of $667,560 for the three months ended June 30, 2003. The net income amount resulted from a selling, general and administrative credit of $300,000 for the quarter attributable to variable rate options granted to our President. Fluctuations in the market price of our stock result in expense related to those options when the market price of our stock increases, and a credit related to those options when the market price decreases. Recurring selling, general and administrative expenses during the quarter were $247,261.

biz.yahoo.com
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