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Re: WhiteSahara post# 6521

Wednesday, 05/24/2006 2:38:53 PM

Wednesday, May 24, 2006 2:38:53 PM

Post# of 46027
No offense, but I feel as if you haven't ever read a 10k before. That statement is on every single last one of these things.

It is a good thing.

The filing is excellent, but doesn't incorporate the added value from NWOG and isn't the 8k we've been waiting for-- maybe later this week???

Goodwill is generally money paid as an incentive for something else. I think HP had somewhere in the billions for their goodwill. It may be payment for something that they couldn't record as a payment for it under the reverse merger agreement. Either way, I wouldn't worry about it for a second considering it's consistent with last year and the only thing on the entire financials that's not exceptional.

This is my last post for today, and be sure to read this CNN article:

http://money.cnn.com/2006/05/18/news/international/bc.energy.russia.reut/index.htm