John, I did a little research to make a reasonable projection for 1998 earnings. Profit for the first 3 quarters was $504,012 and for the first 2 quarters was $231,213. Simple subtraction shows that the profit for Q3 only, was $272,799. With the trend of growing revenue and profit, we could expect Q4 to exceed Q3. If we assume that Q4 is flat compared to Q3 and we have a Q4 profit of $272,799, our profit for the year would be $776,811. If we use shares issued, we would get earnings of approximately $0.07 per share.
Consistent with so many things about this company, the earnings figure of $650,000 to $700,000, in my opinion, is too conservative. I continue to optimistically wait for the release of the official figures.
Regards, Ed
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