Wharf, which statment are you looking at? I have both the amended
10-SB and the new 10-K report that were filed with the SEC, these are
the amended statements.
I see a cash on the Balance sheet for $196,214 for the end of 1996.
Also call the Reno number, they have just hired a new "secretary" (I
guess) her name is Gale. They must have some money if they can afford an employee. At least they are moving up in the employee count.
The AIN credits are not counted towards assets; good, surely they have
some value, but this value is not on the statements. These could be sold to raise some working capital for the mining project.
Mineral inventory is at 200 million.
Total Assets of $250,103,080.
No Goodwill is claimed on either the amended 10-SB or the new 10-K.
Zarion Inc. was not owned by Furlong, President is Ms. Carole Aronson.
This land is for lode claims in California, which are leased, but will
eventually be wholly owned by HCCA. Lease costs are $500 per year in paper work.
They want to make another public offering, if possible to get capital
to getting the mining projects moving, this will only be done if the
price of the stock rises quite a bit, only have 900 million shares common authorized, and 200 million of preferred shares authorized.
Obviously not many common shares are left to be issued.
HCCA does still owes Krilich money, which has a 18% per year interest now that it is past due. They also just made a payment to him of over
$200,000.
Clinic business, and all others are taking a back seat to the mining ore. Company needs, 3 to 5 million to start the mining, this is what any capital raised will go towards. This was stated in the 10-K form.
These facts are from the 10-K form filed on Aug. 29 and the revised
10-SB form filed on Aug. 26. These are basically the same form except
the 10-K has some info from the Metallurgical Research and Assay Lab as an amendment to the form.
The 20 day filing period is up, Furlong was expecting questions, I have not been able to get a hold of him to see if the SEC has talked to him or not.
This stock needs these 200 million in new assets so the stock can be talked up, so some working capital can be raised for the mining.
Bottom line is this stock will not move without some promotion and
some working capital so revenues from the mining ore can start roling in.
This is now a MINING stock, NOT A HEALTHCARE STOCK.
If you do not like mining and speculative stocks I suggest you get out.
Joint venture is also another possibility for the mining equipment that they need.
Thanks for time. |
