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Microcap & Penny Stocks : RMS TITANIC INC (SOST) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Paul Langley who wrote (111)	9/30/1998 2:41:00 AM
From: Michael Paul Langley	Read Replies (1) \| Respond to of 217

It appears that SOST's tax loss carryforwards may be used up. For fiscal 97 (Feb 28,97) they only paid income tax rate at 4.26% ($150,000 on $3,517,437 income before taxes). For the first Q of 98 they paid 37.69% income tax rate ($811,264 / $2,152,509). On a comparison basis this makes the First Q numbers even more impressive as last total fiscal year at the increased "normal" income tax rate would have only yielded $.135 per share earnings instead of the $.21 they posted [$3,517,437 * (1 -37.69%)} / 16,181,868 shares. Conversely, if the 1st Q's #'s were at the income tax rate of last year the numbers would have been $.127 for the first Q alone {2,152,509 * (1-4.26%) / 16,187,128 shares}! Sost's 52.34% net margin is amazing (higher net margins than Microsoft!)including paying a income tax rate of 37.69% Does anyone know of a higher net margin publicly traded company let alone a Bulletin board one. Anyone want to venture a guess as to how long this Titanic popularity will continue! I expect record #'s for the next Q.