Some highlights of the recent 8K/A on the lamar purchase:
Lamar:
Total assets $321,170, total liabilities $566,010. Net worth ($244,840); total sales to date $12,000; loss last year $418,132
Most amusing number:
27,509,664 (i)
(i) Represents the excess of the purchase price, including related costs,
over the fair value of the net assets acquired.
(Lamar's gross on sales has been reported as 75%, but it was 75% of $5000 last year)
Also: 5-10% of anything made on Lamar's patents goes to the Israeli government since they gave grants to Lamar
the nip up today may have been due to AND getting a patent (Philips already has a product)
Still no word on when annual meeting will be held, earnings scheduled to be out 7/28 |
