Littlefield Corporation (LTFD) Message Board

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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

0.0%

Sep 29 11:29 AM EST

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To: Ed Pettee who wrote (8718)	6/8/1998 9:53:00 PM
From: Nittany Lion	Read Replies (1) of 10368

Ed, I'm not sure a reduction of salaries would constitute a material change in the true sense of the word requiring an SEC filing of some kind since it is a reduction rather than an increase. As far as the cost savings - in their illustration showing actual 1Q versus E98 the ratio of costs to revenues is 90% for 1Q and 83-84% for E98. This makes me think that the 1/2 year cost savings have been factored in (7% of 14.5 million would be about $1 million) I think they are being very conservative and it assumes no growth and I remember JTO indicated in the CC that Q1 would be the low point for the year for net income. Regarding their ten reasons to own the stock, I thought the following was kinda gutsy: 5.South Carolina favorably resolved Do they know something we don't? Gary

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