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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: KZAP who wrote (8103)	7/19/1998 1:14:00 PM
From: TraderGreg	Respond to of 11708

Now, if Ad-HaTTeRs is currently making money, how much is it? Can we say for arguements sake it is averaging $30k per month for the last Qtr. KZ--You don't honestly think I would let the above paragraph sneak in without a comment, do you? Look everyone at the table below: Nine Months Ended 2/28/98 Sales $1,366,771 Cost of Goods Sold 904,799 Gross Profit 461,972 (**Is this the 50K/month the bashers are saying is being skimmed? Except there are other costs-Corporate Level) General and Administrative 785,381 Consulting services, stock issuances 550,390 Warrant expenses 375,000 Loss on judgement and legal fees - Amortization and depreciation 90,177 Total General Expenses 1,800,948 Net income (loss) from operations (1,338,976) Other Income (expense) (20,213) Interest Expense (34,996) Net loss from continuing operations (1,394,185) Loss on discontinued operations Gain on disposal of discontinued operations 141,190 Net Income (Loss) $(1,252,995) Now, what part of this huge profit is being skimmed? Now, I know Ad Hatters has expanded. But with current gross margins of 34%, during those nine months they would have had to increase gross sales by $3,685,279 to have acquired the additional gross profit of $1,252,995 to have resulted in breakeven. And that assumes the expansion in AdHatters would not have increased other G&A one dime. I based this soley on gross margins producing additional gross profit that totally was permitted to offset the 9 mos net loss. In other words, if AdHatters had done $5 million in revs during the nine months, the gross profit would have delivered breakeven to the bottom line. AdHatters cannot possibly be producing profit for the company because the company does have other costs. TG

To: KZAP who wrote (8103)	7/19/1998 2:22:00 PM
From: Kurt N	Read Replies (2) \| Respond to of 11708

I suspect the truth lies somewhere in between $$$ CSMA has and oil rig availability. How much does it cost on average to get/borrow an oil rig for however long it is needed by Enviro-Tec AND to do the work correctly?? (ie. a screwup would be very bad). How much money does CSMA have available and is it above, below, or on par with the average amount of money needed. If the answer is below, the contracter may still be willing to do the work for (slightly less profit) but will put it on the bottom of his todo list. Translation contracter might get around to it several months later. Still am confused why CSMA couldn't go to a bank for the loan and pledge the EnviroTec well as an asset for collateral. Combine that with a solid business plan document (ie. $10/bbl. Capacity xxx bbl/day, approvals..., xxx/yyy/zzz remaining cost of $aaa, etc.) and I see no reason why it should be denied. Of course lenders have certain criteria/conditions that must be met, but there are some extremely liberal lenders out there. Kurt