Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU) -- Ignore unavailable to you. Want to Upgrade?

To: wlcnyc who wrote (13798)	9/11/1998 11:49:00 AM
From: BlueFox	Respond to of 18444

In other words, the 9.5 million could be in good will alone! No? That's how I read it. It'll be interesting to see what the amortization and liabilities were for.

To: wlcnyc who wrote (13798)	9/11/1998 11:49:00 AM
From: Jon Tara	Read Replies (3) \| Respond to of 18444

"Primarly" MEANS "mostly". But BlueFox probably has it right: "SIM incurred write downs and losses totaling over $27.0 million on gross revenues of $32.8 million and net revenues of $6.37 million for the year. The deficit resulted primarily from the decision to write off over $9.50 million in good will, ammortization, and to fully reflect the liabilities incurred by SIM during the period. " Perhaps they meant 9.5M in good will, and an unspecified amount of amortization, and an unspecified amount to reflect the liabilities incurred by SIM, with the total of those three "primarly" accounting for the deficit. VERY confusing. They should have specified amounts for each category, and it would have been unambiguous. A poor showing for a PR firm that specializes in damage control, to be so ambiguous. The audit is complete - why not just print the numbers? They have them, right? BTW, ignore my previous post in this slot that there was no deficit - more confusion over the wording of this PR!