Puzzling message from Orlando from Holland
Hello All,
Orlando asked me to post the text below on SI.
(Cheers, Robert, Lurking but still long and strong FNTN!)
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Hi All,
This is an analysis of the balance sheet and profit & losses that give me the indication that there can be at least $ 3,000,000 of revenue in the first 3 quaters of 1998.
The increase of the shares from 10.932.883 to 19.580.463 in 1998 count
means that they reserved 8,647,580 with an average price of $0.60 = about $5.000.000.
balance sheet without anny cost balans sheet
31-12-1997 the balans sheet as 30-09-1998 is
30-09-1998 shout be
Assets
current assets 68,232 + 5,000,000 5,068.232 147,757
property & equipm 303,987 303,987 611,342
other assets 23,773 23,773 77,093
------- --------- -------
total 395,992 5,395,992 836,192
Liabilitis
current liab. 231,031 231,031 216,472
share hold eq. 164,961 A 5,164,961 B 619,720
------- --------- -------
395,992 5,395,992 836,192
The Difference between A and B is $ 4,545,241
This $ 4,545,241 must show up in there profit and losses without anny
revenues in 1998.
But the pofit and losses shows $ 592,145
This gives me the indication that there can be revenues for at least
$ 4,545,241- $ 592,145 = $ 3,953,096 in the first 3 quaters of 1998
Tell my if i am wrong...
orlando
Present1@wxs.nl |
