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To: Little Engine who wrote (2266)1/30/1998 1:04:00 AM
From: OpenSea  Respond to of 27968
 
Little Engine,

One of my points was that it is equally possible to assume that the TOTAL REVENUE figure that appeared in Brad's post number 132 was incorrect. You would like to assume that the NET INCOME was mis-stated. I would like to assume (hypothetically, of course) that TOTAL REVENUE was mis-stated. Why not? Ira would have to be NUTS to deceive us about NET INCOME. He has clearly stated, beyond a reasonable doubt, that the NET INCOME for 1997 was beyond your estimate of 1 cent per share. If he was intending to deceive us, why would he release audited financials early? Now, if he doesn't come through with the financials soon, you might see me hopping a bit more toward your side. I don' want to sound gullible, but, at the same time, I'm not close to subscribing to the "net profit of $250,000 on $8.5MM in revenue" theory quite yet!

I don't ACTUALLY believe that the TOTAL REVENUES were wrong, but I just want to point out that there are other possibilities outside of your supposed "proof."

Jim