>>Mr. Monas gave the NY office as an example (obviously, other offices will vary), he indicated that in '98, the NY office will generate $2.5 million in sales, at a gross profit of 41% (that is correct), and that the FULLY DILUTED EPS (from the NY office alone) will be $0.0265 Per Share (that's rather specific, but he was reading from notes of his own calculations). <<
According to these figures, 2.5MM at 40% equals 1MM gross profit, or gross profit of .033/share if we figure 30MM shares. If that is the case, then net profit (eps) is just about 80% of gross. Works out to a net of 32% of total revenues. Pretty amazing. I wonder how many shares he was using in his calculations.
>> At 11:24 AM, on 2/3/98, Mr. Monas said, "A reverse split WILL NOT HAPPEN". He went on to indicate that he intends to do nothing foolish, just to obtain an early listing on either exchange. <<
That is certainly encouraging. The question then still remains as to how he will accomplish a 10 fold or greater increase in price necessary for a major exchange listing, while borrowing $12 million paid for by additional share dilution of over 40MM at current prices.
In any case, there should be more information tomorrow from the conference call, no? Perhaps some word on the audited financials. |
