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Microcap & Penny Stocks : DIGG - Digital Gas, Johnboy DIGGS it. -- Ignore unavailable to you. Want to Upgrade?


To: Tim Davies who wrote (454)10/2/1999 11:50:00 PM
From: john  Read Replies (3) | Respond to of 1774
 
This percentage will drop to a baseline of 10% only after Digital Gas is earning at a rate of $200 million in annual net income. "

Tim, it simply says that DIGG's share will drop to 10% after the company is earning at a rate of 200 million bucks. It does not say it will be a 200 million buck contract. Could be larger, could be smaller, we just simply do not know yet.

So that tells me that DIGG will be earning a percentage rate somewhat higher then 10% on the first 200 million of income. Then DIGG's share will drop to 10%.

The Digital Gas people must be confident that the job can be done and that the fields are huge, more important the Chinese have been convinced evidenced by the 20 year EXCLUSIVE contract..

We will have to patiently wait the financial news until after the board meeting.

In the meantime a portion of a post from Fat cat on Raging Bull,

This matter about the filing of the financials is being dealt with. Quit worrying. I know
management does not consist of a bunch of idiots. They are on top of the problem and will
have the books squared before any deadlines.


The whole post here,

ragingbull.com