Well, at least this group is starting to pick up
(if not the stock :-))
Negatives, besides the delisting (never healthy for stock price) include:
Check out the 10Q; when will sales pick up?
From sec.yahoo.com
"Total revenues decreased $33,840 and increased $8,231 for the three and six months ended December 31, 1997 as compared to the same periods for 1996 primarily as a result of changes in revenues of Mooney Edwards Enterprises, Inc. ("MIS")......
Marketing, general and administrative expenses increased $43,167 and $74,048 for the three and six months ended December 31, 1997 as compared to the same periods for 1996."
But this from the news release is highly promising (again, when will we have significant revenues?)
"Inclusive of demand notes, the Company has cash on hand as of February 19, 1998 in excess of $1,000,000. With the Company's cash burn rate approximating $80,000 per month, the Company's financial condition is on a sound footing. Although the Company considered a reverse split to meet the $1 minimum bid price, it concluded that it was not in the best"
Which indicates that this company is a lot more professional
(& honest.....) than lots of other small caps......They are trying....
Now lets see some significant revenues. |
