John,
Here's some Balance Sheet 'financial' info that CII forwarded to me. I've re-typed it so I hope that it's accurate. It's kinda dated now as they have really just begun to get some sizeable orders since this point in time. Anyway, here it is FWIW.
------------
Consolidated Balance Sheet as at Dec. 31, 1998 and 1997
1998 1997
Assets
Current
Cash 8,371 4,917
Accounts Rec. 399,261 224,411
Inventory 35,639 28,499
Term deposit - restricted 119,609 ---
Prepaid Expense 10,260 16,906
Deposit on equipment --- 118,212 _______ _______
573,140 392,945
Capital Assets 393,989 66,344
Advances to related company 35,394 87,226
Intangibles 386,028 443,895 _______ _______
Total Assets: 1,388,551 990,410
Liabilities
Current
Accounts payable and accrued liabilities 312,241 465,126
Loan payable ---- 222,795
Current portion of capital leas 81,000 ----
_______ _______
393,241 687,921
Capital lease payable 259,659 -----
Deferred income taxes 20,467 20,467
_______ _______ 673,367 708,388
Shareholders' Equity
Share Capital 9,110,517 7,852,348
(Deficit) (8,395,333 (7,570,326)
_________ _________
715,184 282,022
_______ _______
1,388,551 990,410
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BTW, Cryopak put out an Advertisement in this month's Individual Investor magazine. In that ad, they state that "revenues are slated to rise by over 500% in fiscal year 1999".
I hazard a guess that sales for this fiscal year, which ends March 31/99, will probably be close to $C 1.4 Million - since sales for the first 9 months were close to $0.9 Million. If that is true, and taking the 500% rise slated for next year, then next year's sales should come in close to $7.0 Million!
Based on these figures, CII is a real bargain at this level. Once they release earnings info and it gets around that next year will be 5 times better, the stock should explode to new highs.
Brian |
