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Gold/Mining/Energy : Tri-Vision & The V-Chip -- Ignore unavailable to you. Want to Upgrade?

To: trenzich who wrote (3063)	6/8/1998 3:36:00 PM
From: D.E. Shetland	Read Replies (2) \| Respond to of 5743

TZ: Since your such a good analyst (and the rest of us don't know anything), I thought I'd ask for your help. Below is Acacia's Balance Sheet as just reported. What is the percentage of intangible assets to equity? By my reckoning it's 72% --that is 72% of their equity value is backed up by fuzzy assets like patents, goodwill and the like. Meaning, also, that only 28% of their equity is represented by hard assets. Is that right? December 31, 1997 December 31, 1996 ----------------- ----------------- ASSETS Current assets Cash and cash equivalents $ 1,366,878 $ 292,701 Capital w/d recv.from part. 0 400,000 Receivables from affiliates 0 52,592 Mgmt fees and other recv. 235,059 245,446 Prepaid expenses 83,603 215,490 Income tax receivable 110,000 0 Deferred income taxes 0 272 ------------ ------------ Total current assets 1,795,540 1,206,501 Equip. furn. and fix., net 241,661 202,049 Notes receivable, net 376,008 633,000 Inv. in affiliates, at equity 1,204,802 2,451,684 Partshp. interests, at equity 586,393 625,405 Patents, net of acc. amort. 3,877,250 53,637 Goodwill, net of acc.amort. 757,697 0 Org.costs, net of acc.amort. 14,282 3,169 ------------ ------------ $ 8,853,633 $ 5,175,445 ------------ ------------ ------------ ------------ LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts pay. and acc.exp. $ 169,796 $ 90,599 Accrued compensation 50,684 0 Legal settlement payable 226,089 0 Note payable 0 552,500 ------------ ------------ Total current liabilities 446,569 643,099 Deferred income taxes 0 193,503 ------------ ------------ Total liabilities 446,569 836,602 ------------ ------------ Minority interests 227,364 380,329 ------------ ------------ Stockholders' equity Common stock 10,712,984 4,071,993 Warrants to pur.common stock 370,122 10,000 (Acc.deficit) ret. earnings (2,706,606) 152,773 Stock subs.recv. 0 (88,752) Note recv.sec.by stock (196,800) (187,500) ------------ ------------ Tot.stockholders' equity 8,179,700 3,958,514 ------------ ------------ $ 8,853,633 $ 5,175,445 ------------ ------------ ------------ ------------ ....CASH-SUCKING INVESTMENTS THAT PRODUCE NO INCOME NEED FINANCING. TIME TO WRITE A CHECK, TZ