To: Mitch Aunger who wrote (1011 ) 7/2/1999 6:40:00 AM From: Noneyet Read Replies (2) | Respond to of 2891
Hi Mitch, I need some help on one item that dbest posted to raging bull. He recently said that after he reviewed his notes, ( His notes were taken while talking to Helen at franklin June 25, 1999 ) he had forgotten to add something, he posted the following. Franklin has approximately 75 employees right now. That item should not go unnoticed, but I am curious how these employees were paid, and maybe you can explain it to me ???? dbest post;ragingbull.com This table below is taken from 10K annual report filing 9/28/98 salaries for 1998 and 1997. franklins fiscal ends June 30. 1998 1997 ---------- ---------- Salaries and related expenses $ 421,000 $ 277,000 This table below is taken from 10Q Quarterly report filing 4/29/99 salaries for nine month of 1999, including up to March 31, 1999. MARCH 31, JUNE 30, 1999 1998 ---------- ---------- (UNAUDITED) Salaries and related expense $ 621,000 $ 421,000 Mitch, keep in mind this table below; Full year 1998 Nine Months 1999 Revenues $1,377,000 (Full year 1998 ) / 6,443,000 (Nine Months 1999) Salarys $ 421,000 ( Full year 1998 ) / 621,000 (Nine Months 1999) Employees(Yahoo) 20 ????????? / Dbest/helen)75 Up until 6/29/99 Now correct me if I'm wrong here Mitch but this means that; 1) franklin took in over four times their 98 revenues in only 9 months of their fiscal year 1999. 2) While increasing the employees to 75 as of June 25,1999 according to DBest quoting a company spokesman. 3) And according to those filings, that did all the above while only increasing salaries a meager $200,000 so far. I can't wait to see what the end of the year figures look like, because unless I missed something, this is truly amazing. How the heck did they do that. PS: To L Michael; you will probably have the answer to this, as history has shown and I quote from you below;"To be honest this may go on a bit more tonight if Tommy Boy wants, but as history has shown...when i start bringing up the real questions about statements he has made he will run and lay low for a few days." YUP !!!!!!!!