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Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (2183)7/15/1999 1:14:00 PM
From: BDR  Read Replies (1) | Respond to of 10293
 
I went over to the amazing Rande's thread and found this:

Message 10506789

Funny how he only talks about revenue. I guess expenses are irrelevant, even when they outpace revenues 10 to 1.



To: Dale Baker who wrote (2183)7/17/1999 7:19:00 PM
From: BDR  Read Replies (1) | Respond to of 10293
 
BDE filed an 8-K on July 14 that gives some details of the operations
of Trojan Television (auctionachannel.com). I gleaned the following
bits of information from the filing:
...
Trojan Statement of Operations
Nine months to March 1999(all in British pounds, 1= approx $1.55)

Sales 218,675
Costs
and Expenses 1,024,304
Net (805,629)
Accumulating (1,324,427)
deficit
...

So, about $38,000 a month revenue. At least expenses are only 5
times revenue, a big improvement compared to the 10 to 1 ratio at BDE.

...
Balance Sheet
Total assets 45,643 with 3,764 cash
No entry for accounts receivable(?)

Current liabilities 1,015,953
...

$5800 in the till doesn't look like it is going to do much for BDE.