AER Energy Resources (AERN) Message Board

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Technology Stocks : AER Energy Resources (AERN)

AERN 0.000001000

-90.0%

Jun 3 3:19 PM EDT

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To: Alan C. Zezula who wrote (580)	8/3/1998 11:25:00 PM
From: Alan C. Zezula	Read Replies (1) of 621

Hi Sports Fans, Here we are at the AERN, Al Zezula site. AERN reported earnings? of -.06 cents a share today or a net loss of $1.56 million for the quarter ended June 30, 1998 compared to -.09 cents or a net loss of $2.2 million for the quarter ended June 30, 1997. Apparently they save money by reducing marketing and advertising (brilliant just brilliant) and reductions in personnel i.e. no doubt firing the Indians and letting the Chiefs keep their jobs while draining cash for their salaries for the outstanding job they have done in heading AERN into bankruptcy. As of June 30, 1998, the "Company" if you can call it that had cash and cash equivalents of $6.7 million. Now bleeding at only $1.56 million per quarter we only have 4.2948717 quarters until "B" day give or take a millionth of a decimal place. EOM Al

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