Little Engine, where exactly are you getting the 3Q numbers from? Was it from a post? If my memory is correct( it may not be ), but I think I remember someone saying that Ira had said something to the effect that the 3Q numbers had to be recalculated. Assuming that their release on the first half of 97 was correct of .06 eps, on the original 19 mil share count, then the first half of 97 brought in around 1.14 mil. Not knowing the exact figures, its hard to tell, but say their revenues are evenly divided (8.5 mil is what Ira said in that screwed up conference call). 1.14 mil income on 4.25 mil gives a margin of around 27%.
By the way, their August 28 release did project the Miami office to be open by Nov.1. At the same time, their release on Sept.10 said they hoped to get their financing division up by the first of the year, and it had been started the same month (per release dated 11/24). I agree that the numbers for the 3rd quarter, as you state them seem strange. I'm just not sure about the source of those figures, since it was not in any of their releases( although 4Q projections might have been exagerated, they are, after all, just projections ). Waiting for the 10-k. Jin. |
