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Microcap & Penny Stocks : JBRD J-BIRD MUSIC GROUP LTD -- Ignore unavailable to you. Want to Upgrade?

To: Andrew H who wrote (43)	4/21/1998 1:13:00 PM
From: Michael Paul Langley	Read Replies (1) \| Respond to of 334

Currently trading around 4X book value Book Value $.31 (2,828,228 / 9,206,235) J-Bird Music Group LTD. Balance Sheet December 31, 1997 Assets Inventory $ 53,766 Accounts receiveable 10,095 Loan receivable, shareholder 35,000 Recording advances 21,665 Note receivable 500,000 Total current assets 620,526 Fixed assets, net 153,475 Cost in excess of net assts acquired 10,095 Accumulated amortization (32,664) 2,173,644 Note receivable 350,000 Other assets 30,279 Total assets $3,327,924 Liablilities and Stockholder's Equity Account payable and accrued expenses $ 378,816 Note payable 90,000 Total current liabilities 468,816 Due to shareholders and officers 30,880 Total liabilities 499,696 Total current liabilities 468,816 Stockholders' Equity Common stock $.001 par value 25,000,000 shares authorized, 9,206,235 issued and outstanding 9,206 Paid in capital 6,478,143 Deficit (3,659,121) 2,828,228 Total Liabilities and Equity $3,327,924