USBL Research Report Just Released! Here is is:
M. H. Meyerson & CO., INC. Founded -1960
November 11,1997
A Publicly held company NASDAQ Symbol. WHMY
Newport Tower
525 Washington Blvd.
Jersey City, New Jersey 07310
www.mhmeyergon.com
ANDRE H. SCOTT
Senior Research Analyst
Purchase Recommendation
Institutional Department Retail Sales Department
(201) 459-9440 01) 459-9500
(800) 422-4114 @800) 888-8118
UMTED STATES BASKETBALL LEAGUE, INC.
(NASDAQ BB: USBL)
Recent Price $1 7/8-2 1/8
15 to IS Month Price Range $2 1/2 to $1 1/4
DJIA $7,553.36
Dividend Nil
Dividend Yield Nil
Earnings Per Share - February 28,199X
1999E $0.15
1998E $O.06
1997 (0.01)
CAPITALIZATION
Fully Diluted Shares Outstanding 3,431,000
Shares Closely Held 80%
Average Daily Volume 5,000
Long-Term Debt - % of Total Capitalization Nil
Market Capitalization $6 Million
The information contained herein has been prepared from sources believed to be reliable. However, its interpretation, correctness or arcuracy, and the accuracy of our estimates and projection cannot be
assured. Nor should this report be used as the sole source of information. M.H. Meyer & Co., Inc, is a market maker in the securities of the Company and may be long or short o such securities from time to time. The firm has an investment banking agreement with the Company and the firm, customers of the firm, and the author of this report holds positions in the Company's securities.
M.H. MEYERSON & CO., INC-
UNITED STATES BASKETBALL LEAGUE, INC.
Balance Shect
(Unaudited)
August 31, 1997
Cash $1,746
investment in common stock 20,420
Due from affiliates 4,700
Inventory 16,000
Prepaid advertising credits 657,812
Prepaid insurance 17,437
Prepaid barter units 50,000
Property & equipment $60,696
Less: Accumulated depreciation $48,880
TOTAL ASSETS $779,931
LIABILITIES AND STOCKHOLDER'S EQUITY
CURRENT LIABILITIES:
Accounts payable and accrued expenses $ 220,461
Due to affiliates 33,337
Notes payable - Spectrum 138,817
Notes payable - stockholders 145,533,
TOTAL CURRENT LIABILITIES $538,148
STOCKHOLDERS' EQUITY
common stock $34,310
Preferred stock 11,057
Additional paid-in capital 2,460,524
Accumulated defecit (2,258,490)
Treasury stock, at cost; 5,000 shares (5,618)
TOTAL STOCKHOLDERS' EQUITY $241,783
TOTAL LIABILITIES AND STOCKHOLDERS'EQUITY 779,931
As per 8/3 1, 10 Q. |
