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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Jens Tingleff who wrote (4698)	11/30/1998 8:23:00 PM
From: dusty	Respond to of 7609

Well, they filed.We all knew it was going to be on the weak side but they did file. It is kind of a shame that 10ks, have to be so dry and factual. It doesn't give a person any room to say that he is optimistic about the near future.I really think the next 10k will be very different. I printed this one so I can compare.I wasn't surprised about the numbers or disapointed ...Bill

To: Mr. Jens Tingleff who wrote (4698)	11/30/1998 8:29:00 PM
From: WineOh	Read Replies (2) \| Respond to of 7609

To All: From the June 1997 SEC Filing: Remember these are 1997 results not 1998. "The Company's operations for the second quarter consisted of bidding for construction projects and formulating a plan of operation. The Company was unsuccessful in its attempts to procure revenue construction projects during the quarter. Net service income for the quarter ended June 30, 1997, was $44,143 as compared to $518,145 for the second quarter in 1996. Unfortunately, this is due to Tomahawk's inability to procure any revenue construction projects. Operating expenses decreased from $377,811 for the quarter ended June 30, 1996 to $63,556 for the quarter ended on June 30, 1997. The decrease is due to lack of operations from its construction subsidiary. General, and administrative expenses were $53,862 for the quarter ended on June 30, 1997 as compared to $$637,726 for the second quarter in 1996. The decrease is due to no significant operations for 1997, The Company's net loss went from $418,816 for the quarter ended June 30, 1996 to $84,839 for the quarter ended on June 30, 1997. This decrease is due to the Company's efforts to eliminate unprofitable operations. The management highly recommends reading this Form 10-QSB in conjunction with the Company's Form 10-KSB for the year ended December 31, 1996, in order to gain a more complete picture of the Company's financial condition." Remember, 1998 10-Q expectations have to be balanced against this background. Any revenue is a plus. Any Assets are a plus. Cross your fingers. rev her up and lets go!! WineOh