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

To: Mike M who wrote (8672)	2/6/2003 5:39:01 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 10293

The problem with you Moron, is that you assume that the people reading this thread can't read a simple income statement. Here is the hype: biz.yahoo.com Here is the reality: --------------------- Certain information is set forth below for our Zicam operations expressed in dollars and as a percentage of net sales for the periods indicated: THREE MONTHS ENDED MARCH 31, --------------------------------------- 2002 2001 ------------------ ------------------ Net sales $5,067,511 100% $6,472,190 100% Cost of sales 1,247,236 25 1,613,320 25 ---------- ---- ---------- ---- Gross profit 3,820,275 75 4,858,870 75 Operating expenses 2,881,049 57 4,465,096 69 Research and development 26,545 0 51,602 1 ---------- ---- ---------- ---- Income from operations 912,681 18 342,172 5 Interest and other income 113,693 2 27,983 -- Interest expense 182,213 3 25,512 -- ---------- ---- ---------- ---- Income before income taxes and minority interest $ 844,161 17% $ 344,643 5% ========== ==== ========== ==== NET SALES. Net Zicam sales for the three months ended March 31, 2002 decreased to approximately $5.1 million or 22% below the same period of the previous year. Approximately 70% of the sales in each period related to Zicam Cold Remedy and the remainder to Zicam Allergy Relief. Decreases in sales for both products contributed to the decline in sales for the two periods. The decline in sales for our products primarily resulted from a very weak cold season industry-wide during the first quarter of 2002 compared to a relatively strong cold season for the same period in the prior year. In response to the weak market, we adjusted our advertising strategy for 2002 to reduce our expenditures in the first quarter to conserve resources for later in the year.

To: Mike M who wrote (8672)	2/6/2003 5:43:45 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 10293

<<<You were and continue to be wrong about GUMM/MTXX>>> Gosh...for a guy who's wrong about the GUMM/MTXX stock promotion fraud, I sure do seem to be making a lot of money shorting it. finance.yahoo.com

To: Mike M who wrote (8672)	2/6/2003 9:02:30 PM
From: Mark Marcellus	Read Replies (1) \| Respond to of 10293

This will be the second year they will have turned a profit. That is not an accurate statement. GUMM did not turn a profit in 2001. I assume you're trying to count the one time gain on sale as a profit, but it doesn't work that way. I guess if you really wanted to calculate the "profit" from the 2001 sale, you could value it by going back to 1995 and doing a cash flow analysis on the series of negative cash flows from 1995-2000 followed by the positive cash flow in 2001, but I don't think that would paint a pretty picture.