PARTY, here is your PROOF:
As kindly posted yesterday on Yahoo by Taz:
sec.gov
Here are excerpts:
APPENDIX A-2
Zulu Group.com
Unaudited Pro Forma Statement of Operations
For the 8 Months ended
August 31, 1998
.....................................ESVS..... ZULU-MEDIA....CONSOLIDATED .....................................OPS.............OPS
Gross sales volume.......$ 2,6M......$17,5M..............$20M
Net sales..........................2,6M........1.7M................$4.4M
Cost of sales....................1.1M....... 1/2M..................1.6M
Gross profit......................1.5M.........1.2M.................2.7M
Operating expenses........3.3M.........4.8M..................8.1M
Net operating loss.........$ (2.5M))....$ (3.6M))..........$ (7.6M))
Net loss.........................$ (3.2M).....$ (3.6M)...........$ (8.3M))
Now, Party, that is your PROOF!! Do you recognize a proof when you see it? Can you handle it?
NOTE BENE: ESVS had sales of 2.6M and net sales of 2.6M - they sell and service laptops etc ...but ...
Zulu had GROSS sales of 17.5M but NET sales of only 1.7M (ie: they actually retain about 10% of their so-called sales volume as commission).
And as I pointed out yesterday, don't forget to check operating expenses versus cost of sales. The company with nothing to do but sell ads actually racked up operating expenses (read EXECUTIVE COMPENSATION, because everybody else is under cost of sales) which were about 10X the cost of sales.
Party, these guys were lunching on your 22,000 presplit shares ... While you were learning how to "average down", as you call what happened to you, they were cashing out ... wake up and smell the java ... you just got scripted ... no wonder Pat bought you a beer! He knows and acts on and dines off the fact that there's a Party born every minute ...
Did you take a limo to Googies? No, you were on your pair of four wheelers. At least you didn't stiff the company! |
