I HAVE TO RESPOND TO THIS! This is such garbage! The real numbers are addressed under each of GARBAGEMAN's numbers.
I ask everyone to take a look for yourselves. You can find ALL needed documents within SEDAR:
sedar.com
Dougie's numbers are in italics, I address each one below his:
+ $ 2.177 mill. Cash 12/31/97 as per filed documents
Come on GARBAGEMAN, look at the document, their net position the end of 1997 was $6,885,669. Look at the SEDAR document, June 2, 1998 audited financial statement. Dougie just used the $2.177M cash on hand instead of everything else you should include including over $2M in financing from 1997 which was still held in escrow!
($12.875 mill.) loss 9/30/98 ending 3rd qtr.per. statements
You got one right!
($10.698 mill. ) sub total approx. deficit 9/30/98
Obviously, not right because you didn't have the 1997 net right. The correct number would be ($5.989M), but let's round up for you, -$6M at this point.
+ $ 6.800 mill. proceeds * cash *from 3 equity sales to 9/30/98
I don't get it Dougie? Jan. 23, 1998, they filed a prospectus for financing. The total cash from that prospectus was $9.5M alone. Then, on Aug. 31, 1998 they filed another prospectus for financing worth $12.0M! Wow, that's $21M Dougie!
Look under SEDAR documents, Jan.23/98 prospectus and Aug. 31/98 prospectus - $21M for those two!
($ 3.798 mill.) deficit approx. ending 9/30/98
So, $21M in financing in Jan. and August of 1998. Take away $6M from line above, that's $15M positive so far, not your lousy -$3.798M as you suggest!
+ $10.000 mill. proceeds approx.from last placement Nov.98
Dougie, are you finally admitting that they have received the financing money? I hope so, cause you would be close to being right, but not absolutely right.
+ $ 6.202 mill. net operating cash balance approx.
OK, $15M from the financing less the operating losses in the firsr three quarters plusthe $10M from the latest round of financing = $25M!
($10.00 mill.) est.loss 4 last qtr. based on burn /sales
Oh, come on GARBAGEMAN! They lost $4M or so in last quarter, why would it now be $10M loss for last quarter. But, I will humor you and say that the loss for last quarter was $6M.
($ 3.800 mill.) deficit est. approx. ending 12/31/98
OK, $25M less a $6M loss for last quarter = $19M.
Come on GARBAGEMAN, you're pathetic! Not even close on your numbers. Obviously, you need to discredit in a hurry cause when Yorkton stops selling into the market, this stock is gonna fly! Bet cover soon, Dougie.
P.S. I am still waiting for my apology! |
