Doug, again you post garbage. That's a Statement of Earnings for the quarter and for the three quarters ending Sept. 30, 1998. Did you read on to the Consolidated Statements of Changes in Financial Position. Look at the last line, after the earnings (or losses) are taken into consideration, there is what is called CASH (End of period) $8,978,169.
Doug, I know you don't know how to read a financial statement. Therefore, I'll explain it to you again. "Cash (end of period)" means CASH in the bank (or maybe invested as well).
Again Doug, they had $8,978,169 at the end of September. In November, they received $10,701,222 for the latest round of financing. Let's see, that's $19,679,191 before losses this quarter.
Let's say they have another loss equal to last quarter: $4.79M. That makes $14.9M in the bank end of Dec. 1998.
Come on Doug, do your homework. |
