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Non-Tech : GRIN (Grand Toys International Inc)
GRIN 27.400.0%Dec 5 9:30 AM EST
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To: Penny_Investor who wrote (184)5/6/1999 2:09:00 PM
From: Frank McVerry  Read Replies (1) of 495
 
Large earnings error in the pennystocks4u article

Penny Investor,

Nice to see the report on GRIN but the 1998 earnings have
been misquoted. The loss for 1998 was $0.20 and not $0.96 (the
0.96 that GRIN gives in their report is the loss in terms of
percentage of net sales - see their 1998 annual report or post #182
here). They should also mention that this loss was AFTER their
acquisition of ARK. I will send them an email and hopefully
they will be able to publish a correction.

Regards,
Frank
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