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Biotech / Medical : GUMM - Eliminate the Common Cold -- Ignore unavailable to you. Want to Upgrade?

To: pz who wrote (4888)	11/10/2003 11:42:22 AM
From: StockDung	Respond to of 5582

Paul, does the Z stand for Zimmermann? TheTruthseeker

To: pz who wrote (4888)	11/10/2003 12:16:46 PM
From: StockDung	Respond to of 5582

IS THIS THREAD A FAMILY AFFAIR? Message 7550780

To: pz who wrote (4888)	11/12/2003 11:54:31 AM
From: StockDung	Read Replies (1) \| Respond to of 5582

10 Q again: I thought MTXX was going to have positive cash flow for once?!? Didn't their PR say that? Of course, net income was stated at $2.76 M positive and the reality: Cash flow from operations: NEGATIVE $2.5 M. Is this GAAP accounting? MATRIXX INITIATIVES, INC. AND SUBSIDIARY CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) Nine months ended September 30, -------------------------------------------------------------------------------- 2003 2002 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Cash Flows From Operating Activities: Net income $ 2,313,353 $ 1,080,204 Adjustments to reconcile net income to net cash provided (used) by operating activities: Depreciation 117,143 40,030 Amortization 50,310 50,310 Amortization of imputed interest on notes payable 216,805 462,111 Amortization of debt issuance costs 14,583 11,667 Deferred income taxes 1,547,216 — Loss on disposal of property and equipment — 20,104 Other 2,401 3,912 Changes in assets and liabilities: Restricted cash — 1,503,150 Accounts receivable (2,556,840 ) 257,997 Inventories (2,203,164 ) 155,728 Prepaid expenses and other 43,001 (178,013 ) Accounts payable and accrued expenses (2,270,269 ) (4,305,845 ) Sales returns and allowances 224,047 (769,142 ) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Net Cash (Used) By Operating Activities (2,501,414 ) (1,667,787