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Microcap & Penny Stocks : CAML lovers Where are you?
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To: Hansy who wrote (1148)12/17/1996 12:25:00 PM
From: Philip Pasteur   of 1541
 
Hans, All I want is to see the "QUARTERLY" report for Q2.
If you know where this has been published, please tell me.

I am not real interested in the sanitized 6 month condensed version!! If you noticed the press release was done for a SIX month period. This , I am sure, was done to make the true losses for Q2 more difficult to discern. A six month span enabled them to include the $7 mil from the bogus distribution rights deal ( which they later write down by over 50%) and thus bury the fact that the didn't earn anywhere close to enough to pay their bills in the last quarter. You see, doing it this way just doesn't put the pitiful earnings realized in the *SECOND QUARTER* on the top line for everyone to easily see. Additionally, this press release does not indicate income and loss from the various divisions...as the 10K, or at least an unambigous finacial statement (Camelot may have forgotten how to do one of these though) should. It is nearly useless in determining what was really going on at Camelot for the past quarter. This is undoubtedly by design though.

Once again they have done everything possible to confuse the investor for the purpose of making people think they might actually survive for some period of time!!

I am also confused about their cash reserve information. In the last 5 quarters they have LOST well in excess of $7 Million, but the cash reserves seem to never change...strange isn't it? More "magic" from the masters of obfuscation ??!
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