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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (8949)	7/24/2000 5:52:42 PM
From: StockDung	Respond to of 10354

The only independently verified records of Wade Cook's trading success are the documents that Wade Cook Financial Corporation is required to file with the Securities Exchange Commission. Despite repeated requests of subscribers to Wade Cook's WIN network. Despite repeated requests of Wade Cook Financial shareholders. Despite repeated requests of skeptics who do not believe Wade Cook can make a consistent 300% annual return. These filings are submitted under oath, and required by law. So, what is the true record of Wade Cook's own trading? Look at this excerpt from his last income statement. Somehow, in trying to apply Wade Cook's trading principles, the pros at Wade Cook Financial Corporation managed to loose $804,000 during one of the greatest bull markets in history. A skeptic might ask: If Wade Cook's own traders can't make Wade Cook's methods work, then how can a student? We can confirm that Wade Cook made millions last year. However, it was not from trading securities. While company profits increased by an impressive 17% last year, Wade Cook's direct royalty fees increased by an astounding 228%. By raiding the company treasury, Wade Cook increased his net worth by $10 million while leaving only $9 million for the company and it's shareholders. WADE COOK FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND RETAINED EARNINGS Years ended December 31, 1997 1996 REVENUES, NET OF RETURNS AND DISCOUNTS $ 104,907,650 40,724,515 COSTS OF REVENUES Royalties to related party - 9,996,840 4,366,183 Paid to Wade Cook ( up 228%) Speaker fees to related party - 166,661 131,337 Not paid to Wade Cook INCOME FROM OPERATIONS 15,740,430 4,739,876 OTHER INCOME (EXPENSE) Dividends and interest 385,338 60,028 Gain (loss) on trading securities (804,493) *LOSS* 92,71 A chimpanzee throwing darts at the stock pages of the Wall Street Journal could have done better. Other income 128,171 58,513 Loss on investment on non-marketable securities (106,099) -- NET INCOME 8,992,487 3,064,639 Wade Cook actually kept more of the profits than the company. EARNINGS PER SHARE 0.14 0.12 (17% increase) The complete document may be retrieved here: Form 10K for Wade Cook Financial Corporation filed on 3/31/1998 PROFIT FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND RETAINED EARNINGS Three Months Ended Sept. 30, 1997 (Unaudited) --------------- (dollars) OTHER INCOME (EXPENSES) Dividends and interest 120,756 Gain (loss) on trading securities (238,842) * LOSS* Other income (expense) 3,674