To: JOE P who wrote (52 ) 5/24/1999 8:51:00 AM From: Jacalyn Deaner Respond to of 139
To: Jacalyn Deaner From: Jacalyn Deaner Monday, May 24 1999 8:50AM EST -Preview- The results of operations for the three months ended March 31, 1999 are not necessarily indicative of the results to be expected for the full year. These statements should be read in conjunction with the Company's annual report on Form 10-KSB for the year ended December 31, 1998. The above statement from the May 20, 1999 SEC filing indicates that together with the documents filed in December 1998 and the above dated document filed, they expect things to change. For their sake I certainly hope so. I'll see if they have been banned from trading on the canadian exchange temporarily and post whatever I find. As of the end of 1998, Princeton had no operations. All amounts shown for the period ended March 31, 1998 represent discontinued operations. In the prior year, all significant intercompany transactions and balances have been eliminated in consolidation. In the opinion of management, the accompanying unaudited interim consolidated financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the financial position as of March 31, 1999, and the results of their operations in 1999 and discontinued operations of 1998 and their cash flows for the three months ended March 31, 1999 and 1998. The results of operations for the three months ended March 31, 1999 are not necessarily indicative of the results to be expected for the full year. These statements should be read in conjunction with the Company's annual report on Form 10-KSB for the year ended December 31, 1998. 2. Basic and Dilutive Loss Per Share Net loss per share is computed using the weighted average number of shares of common stock outstanding. Common equivalent shares from stock options and warrants, and additional shares assuming the conversion of debentures and preferred shares, are excluded from the computation as their effect is antidilutive. For the three months ended March 31, 1999, cumulative dividends of $11,000 related to preferred Series C have been added to net loss in the loss per share computation. To make changes, use the Back button on your browser, or press "Edit" Words that might be incorrectly spelled are highlighted in red. Your message has not been posted yet. You will still hav