To: Suzanne Newsome who wrote (41722 ) 5/12/2000 4:49:00 PM From: TOPFUEL Read Replies (1) | Respond to of 44908
Henry pointed out that Affinity had $30 million in revenue and $6 million in profits The management of Affinity reported 1999 revenues of $22 million, with a pro forma pre-tax profit of $4 million (unaudited). The Affinity Group projects year 2000 revenues at $30 million, with profits expected to reach $6 million. Projected and Had two differnt things IMHOWhen I mentioned the Disney deal, Henry said he thought it would be "quite a bit bigger." He thought ??? SEC regulations still prohibit naming the investment bank. Apparently the gist of the regulation is that the SEC wants a company to raise the money, and then announce the bank. The SEC doesn't want a company's stock to run up merely on the identity of its investment bank. Henry said that there will be a registration statement in June or July with the name of the bank on it. Do not see how fiancing deal can be completed without reverse split in place and if TL is IBANK they do there finacing on a best efforts basis[It is easy for us to lose focus in this current environment in which the stock price is drifting downward in anticipation of the RS, no news is being announced, and a former vocal supporter is posting negative information. If the number of shares that have passed through Gordon's hands seems astronomical to you, please take a moment to divide $1,000,000 by $.04 per share. The result is 25 million shares. That is the number of shares any of us could have had if we had been able and willing to fork over a million dollars. I am told by other investors that Gordon has put multiple millions into this company. Am I perfectly happy about how the shares of this company have been used? No, but I prefer this to bankruptcy.] Read deeper into sec filings you may be suprised what you dig up