Jon, I think the revenue jump from last quarter earning's report is what make this stock a long term pick. All other news is icing.
From the 10Q filed 11/15/99.
For the For the
Three Months Ended Six Months Ended
September 30, September 30,
----------------------------------- -----------------------------------
1999 1998 1999 1998
--------------- --------------- --------------- ---------------
<S> <C> <C> <C> <C>
REVENUES $ 842,177 $ 77,628 $ 1,609,186 $ 167,376
COST OF SALES 249,105 78,111 582,054 106,245
--------------- --------------- --------------- ---------------
GROSS PROFIT 593,072 (483) 1,027,132 61,131
--------------- --------------- --------------- ---------------
EXPENSES
Selling expenses 529,655 85,873 1,340,530 215,509
General and administrative 1,885,982 550,687 3,401,288 991,842
--------------- --------------- --------------- ---------------
Total Expenses 2,415,637 636,560 4,741,818 1,207,351
--------------- --------------- --------------- ---------------
OTHER INCOME (EXPENSE)
Loss on sale of assets - (165,167) - (165,167)
Interest income 1,105 - 8,586 -
Interest expense (15,005) (4,579) (105,491) (9,383)
--------------- --------------- --------------- ---------------
Net Other Expense (13,900) (169,746) (96,905) (174,550)
--------------- --------------- --------------- ---------------
NET (LOSS) BEFORE INCOME TAXES (1,836,465) (806,789) (3,811,591) (1,320,770)
INCOME TAX PROVISION - - - -
--------------- --------------- --------------- ---------------
NET (LOSS) $ (1,836,465) $ (806,789) $ (3,811,591) $ (1,320,770)
=============== =============== =============== ===============
BASIC (LOSS) PER SHARE $ (0.08) $ (0.05) $ (0.17) $ (0.08)
=============== =============== =============== ===============
AVERAGE NUMBER OF SHARES
OUTSTANDING 22,876,361 16,050,274 22,766,504 16,050,274
=============== =============== =============== ===============
Also saw some 10-20K buys trade at $3 1/16-1/8. IATV comparision is accurate.
Jack |
