As I recall, I restated Yahoo press releases that stated there would be a modest loss for the FY ending May97(which is FY96) similar to the previous year. The Oct period was expected to be profitable and it wasn't. And ORCL was supposed to make 23 cents and it didn't. And APM was supposed to do 85 cents and it didn't. I could go on and on.
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They were wrong, and I guess I was too for reporting what I read in the releases. Mea Culpa, but so what? The financials AND news were the keys to the meeting that Franco referred. So the financials of the PAST weren't as good as expected BUT the news is.
I didn't buy into this company based on what they DID IN THE PAST. I bought based on their agenda for growth in the FUTURE, 1 9 9 8 and beyond. The financials that you have reflect the Uinta COSTS (which was sold), AdHatters BEFORE Sears, LPS as an asset acquisition ONLY for NASDAQ listing support rather than the cash cow it can become, Coconino Oil and Gas BEFORE the M3/Pickens involvement, and EnviroTec BEFORE Class V approval.
Now, IMHO, those financials reflect the performance of a Company that is ORDERS OF MAGNITUDE DIFFERENT than the current Company. If anybody has a problem with this distinction, let me know.
When all the hands are played, I will either look as one slick savvy investor OR a complete contraceptive mishap buffoon!!
TG |
