BRLI-- A substantially undervalued micro-cap Message Board

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Non-Tech : BRLI-- A substantially undervalued micro-cap

BRLI 4.700

-44.0%

Dec 22 4:00 PM EST

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To: Tom Shutters who wrote (77)	6/6/1998 1:33:00 PM
From: Tom Shutters	Read Replies (2) of 105

Linda, sorry but part of my post got lost. "The pro forma condensed combined balance sheet assumes the acquisition was consummated on January 31, 1998. The pro forma condensed combined statements of operations give effect to this transaction as if it had occurred at the beginning of the earliest period presented. The pro forma condensed combined financial statements are based on the historical financial statements of the Company and Medilabs. These pro forma condensed combined financial statements may not be indicative of the results that actually would have occurred if the acquisition had taken place on the dates indicated." It is my opinion that the Medilabs losses can be written off against BRLI's earnings and help pay the $5,500,000 paid for Medilabs. This would enhance the Medilabs deal. I would like to hear from a tax expert or anyone who has an opinion on this. Tom

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