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Non-Tech : ADVV (Advantage Technologies) - formerly CSIN -- Ignore unavailable to you. Want to Upgrade?

To: michael john stout who wrote (409)	7/8/1999 6:22:00 PM
From: Michael Graham	Read Replies (3) \| Respond to of 483

Hi Michael, Regarding the $1.50 EPS for this year. Let's assume the fiscal year started in January (this may or may not be correct). CSIN has $220,000 wagered in May, which was CSIN's first month of operations, and $300,000 in June. So for half the fiscal year they have $520,000 in wagering revenues. I think there take is about 15%. That's $78,000 in real revenues from which expenses come out of. With 6.1 million shares outstanding, they will need $9,150,000 in Net Income to end up with the $1.50 EPS. That's Net Income, not Revenues, or Wagering Revenues. Now let's say that all of the $78,000 that they took in in the past couple of months is profit. They still need approximately $9,070,000 in profit. If their take is 15% on amounts wagered, then they need $60,000,000 in wagering revenues over the next 6 months with NO EXPENSES. So they need $10,000,000 per month for each of the next 6 months, WITH NO EXPENSES, to achieve $1.50 EPS for the year. For each of the next 6 months they will have to do 20 times better than the past two months combined. What do you think. Mike