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To: jmt who wrote (904)	6/8/1998 10:08:00 PM
From: Ken M.	Respond to of 2849

No jmt, five million was what they made last year before these aquistions. After these aquisitions their revenues go up to fifty million, I could not tell u what their gross profits were before these aquisitons, but common sence seems to tell us, if it netted five millionbefore and now they are stating they are going to have 50,000,000.00 in revenues and very profitable, that their net will go up accordingly. Now when I was giving numbers on their ultimate, I was not doing a complete financial on their operating expense's, I was just giving an example of how much profit potential there is on their Ultimate Bar b Q pit. I have my on business, and Iknow how to do a financial statement, a profit & loss report, Cash-Basis or Accrual-basis accounting, acount receivibles,etc. So thanks for the accounting lesson, but been there and done that. Also are you not setting up Georgg Guttman, for a possible felony charge saying he faxed u their 1997 finacial report before it's been made public. It's one thing to say he told u what they made its another thing to fax a complete financial report to an investor before it is released to the general public. Sorry but u got me wrong with assuming the 5 million profit came off fifty million in rev's because they had'nt aquired those co.'s that will give them those rev's yet.