American Premium Water Corp. (HIPH)

[jotuk6771]

EXPU - $ CURRENT FACTS $

1- The A/S has been reduced to 75M in April 2010 , i don't see the CEO increasing it again for a while ...

2- 2009 Financials DATA :

SALES : $ 515'000
GROSS PROFIT : $498'000
OPERATING EXPENSES : $ 342'000

NET INCOME : $ 144'000
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Conclusion : the Company is profitable for 2009 !

TOTAL ASSETS : $ 675'000 ( of which 499'000 rock asset : Building , Condominium)

Total liabilities : $ 417'000 ( including 2010 salaries)

Stockholder Equity : $ 258'000
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3- Positive cash flow : $ 72'000


http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30650



4- Now, ***For the period of April/May 2010 our company generated net income of $125,900****

http://finance.yahoo.com/news/Expert-Group-Inc-Shows-a-175-iw-2826375260.html?x=0&.v=1

It means that in 1-2 Months , they earned the same amount than in all 2009 !

If you add $ 250'000 projection by CEO for june/jully , you are at $ 350'000 net income for 3 months ! divide by 68M o/s = .005 earnings per share ! For 3-4 months ...

At a conservative @ 10x earnings = .055 PPS or $ 3,4M Market Cap , for 1/3 year !
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@ .0075 , the Market Cap is at $500'000 ! , that's make no sense as it's under their current assets ! ...
When you know how many PK's doesn't post positive income or even revenues and are traded @ $10M ....