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Gold/Mining/Energy : Microforum (MCF:TSE)
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To: stubbs who wrote (670)1/31/1999 6:15:00 PM
From: Laser  Read Replies (2) of 3896
 
stubbs,

Where do you see a profit if we exclude the $2.1 MM? The 3rd quarter shows a loss of $3 MM approx, so if you ignore the PPL expenses, MCF is still in the hole even with the additional revenues. Looks to me like quite a burn rate. I'd like to know where the money is going. If they're going to make much ado about the increased revenues, they should at least state what expenditures are causing them to post losses. Let's have some proper disclosure here. Just MHO.
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