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Re: success622 post# 73032

Tuesday, 05/09/2006 10:02:31 AM

Tuesday, May 09, 2006 10:02:31 AM

Post# of 326354
In reviewing the 12snap 8K, they were not profitable in 2004 or 2005. I guess we were all hoping that based on that PR they were still profitable, but now we know the real story.

The PR was issued Sept 9, 2004 so you would hope that they were profitable at the time of that PR release (otherwise the wording IMO would be misleading), and the financial results were negatively impacted by the acquisition or some other unforeseen event.

SS9173