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Microcap & Penny Stocks : USBL (United States Basketball League) -- Ignore unavailable to you. Want to Upgrade?

To: rharris who wrote (8)	11/20/1997 3:33:00 PM
From: Beermeister	Read Replies (1) \| Respond to of 146

USBL Research Report Just Released! Here is is: M. H. Meyerson & CO., INC. Founded -1960 November 11,1997 A Publicly held company NASDAQ Symbol. WHMY Newport Tower 525 Washington Blvd. Jersey City, New Jersey 07310 www.mhmeyergon.com ANDRE H. SCOTT Senior Research Analyst Purchase Recommendation Institutional Department Retail Sales Department (201) 459-9440 01) 459-9500 (800) 422-4114 @800) 888-8118 UMTED STATES BASKETBALL LEAGUE, INC. (NASDAQ BB: USBL) Recent Price $1 7/8-2 1/8 15 to IS Month Price Range $2 1/2 to $1 1/4 DJIA $7,553.36 Dividend Nil Dividend Yield Nil Earnings Per Share - February 28,199X 1999E $0.15 1998E $O.06 1997 (0.01) CAPITALIZATION Fully Diluted Shares Outstanding 3,431,000 Shares Closely Held 80% Average Daily Volume 5,000 Long-Term Debt - % of Total Capitalization Nil Market Capitalization $6 Million The information contained herein has been prepared from sources believed to be reliable. However, its interpretation, correctness or arcuracy, and the accuracy of our estimates and projection cannot be assured. Nor should this report be used as the sole source of information. M.H. Meyer & Co., Inc, is a market maker in the securities of the Company and may be long or short o such securities from time to time. The firm has an investment banking agreement with the Company and the firm, customers of the firm, and the author of this report holds positions in the Company's securities. M.H. MEYERSON & CO., INC- UNITED STATES BASKETBALL LEAGUE, INC. Balance Shect (Unaudited) August 31, 1997 Cash $1,746 investment in common stock 20,420 Due from affiliates 4,700 Inventory 16,000 Prepaid advertising credits 657,812 Prepaid insurance 17,437 Prepaid barter units 50,000 Property & equipment $60,696 Less: Accumulated depreciation $48,880 TOTAL ASSETS $779,931 LIABILITIES AND STOCKHOLDER'S EQUITY CURRENT LIABILITIES: Accounts payable and accrued expenses $ 220,461 Due to affiliates 33,337 Notes payable - Spectrum 138,817 Notes payable - stockholders 145,533, TOTAL CURRENT LIABILITIES $538,148 STOCKHOLDERS' EQUITY common stock $34,310 Preferred stock 11,057 Additional paid-in capital 2,460,524 Accumulated defecit (2,258,490) Treasury stock, at cost; 5,000 shares (5,618) TOTAL STOCKHOLDERS' EQUITY $241,783 TOTAL LIABILITIES AND STOCKHOLDERS'EQUITY 779,931 As per 8/3 1, 10 Q.