GDLS.Did you read the Q?At this price of .27 is overvalue IMO.I liked it at .15 or lower, to say it was fair price.
At .27x22million shares out=Around $6 million cap,company with only small revenues, and big losses.Also the s8,1,950 million.
The Company filed a registration statement on Form S-8 with the Securities and Exchange Commission in July of 2003. The registration statement effected the registration of a total of 1,950,000 common shares in the capital stock of the Company. The common shares so registered were issued in consideration for consulting services rendered to the Company pursuant to the terms of 3 separate consulting agreements which were entered into by the Company in May of 2003. The issuance of these 1,950,000 common shares increased the Company's issued capital to 21,848,700 common shares.
Public float consists of just 4 million shares, entire float has been shorted. When buying this stock be sure to turn your shares into certificates immediately.LOL
(unaudited) (unaudited)
three months ended nine months ended
September 30, September 30,
2003 2002 2003 2002
---- ---- ---- ----
Sales
Related party $ 132,454 $ 118,917 $ 295,429 $ 291,252
Other 112,383 36,582 233,895 206,323
244,837 155,499 529,324 497,575
Cost of sales 114,759 19,016 254,730 114,896
Gross margin 130,078 136,483 274,594 382,679
General and administrative expenses 365,209 109,966 583,087 338,708
Net Income (Loss) $ (235,131) $ 26,517 $ (308,493) $ 43,971
Earnings per share:
Basic and diluted $ (0.01) $ -- $ (0.02) $ --
Net income (loss) and comprehensive
Income (loss) per common share $ (0.01) $ -- $ (0.02) $ (0.02)
Basic and diluted weighted average
shares outstanding 21,848,700 19,898,700 20,548,700 19,898,700 |
