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Technology Stocks : PWEB - Pacific WebWorks.. FrontPage for Businesses?
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To: john jordan who wrote (43)3/18/1999 11:32:00 AM
From: Q.   of 76
 
I'm curious why you believe they have no debt. Perhaps, but there's no way of actually knowing without seeing a balance sheet that is relevant to the company as it is now, and I have't seen such a thing.

To my knowledge there isn't any balance sheet available to investors except one which predates the reverse merger. There's no way of knowing what kind of financial statements they brought into the merger, nor any way of knowing what their financial condition is now.

I called and asked for 'pro-forma' financial statements (which would show what the balance sheet etc. would have looked like if the merger had taken place before the end of the reporting period). Their response to this question indicated to me that they didn't seem to know what I was talking about. They just sent me another copy of the pre-reverse-merger statements for the asphalt company.
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