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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?


To: M.R. Davis who wrote (3823)1/9/1999 5:39:00 PM
From: Elvis Jones  Respond to of 4761
 
I tried and it works!

I haven't received my email either. But I took the advice of your lat post and tried to login. I'm in, no problem!

Thiss is good. Now more people can learn the service.

Happily Long IFLY,
Duke



To: M.R. Davis who wrote (3823)1/9/1999 6:48:00 PM
From: blankmind  Read Replies (2) | Respond to of 4761
 
- example of possible fraud in IFLY's financials:

From Showpower's 10Q, you'll see very clearly a deduction from income entitled "Stock compensation."

- Why doesn't IFLY have a similar deduction?

- Is it possible the year-end audit, due out by 3/31/99, will catch this "oversight" and turn 1998's numbers in to a solid loss?

- Or is it possible that I'm wrong, and IFLY didn't rack up any "GAAP expense" when it issued warrants to all the vendors; including the website folks?

Thanks.
biz.yahoo.com
, 1998 1997 1998 1997
Revenue
Cost of Sales
Gross Profit
Operating Expenses: Selling, general
and administrative
Depreciation and
amortization 55,307 52,234 175,946 163,462
Stock compensation 35,579 35,579 106,737 71,158
Total operating expenses 1,784,396 1,