Infotopia (fka IFTA)

[geezer]

Joe, you may wish to correct your "DD" post to which I am replying.

You stated that IFTP "reported earnings of over $2 million for the first quarter of 2001." However the company states that earnings were $1.6 million. http://www.infotopia.tv/quarterlyresults.html

It is interesting to note that on April 6 (after the quarter had ended) that the company reported earnings of $3.4 million see: http://www.infotopia.tv/04-06-01.html
Now they report less than 1/2 of that.

Also, the company states that they earned 1 cent per share. It should be noted that based on the current number of O/S shares they actually earned about 1/3 of a cent per share.

I am curious as to your rationale for stating:"It is anticipated that the post-merger stock would begin trading at about $9 per share (equivalent to about 19 cents per share of the pre-merger stock, more than triple the current price)."

This would acutally be about six times the current price. What would cause the sudden rise in price?