Tuesday, September 12, 2006 7:19:16 PM
I think that they realize that it does no good to go to the OTC to report earnings if you have none. They had to get some revenue producing entities in place before going to the bulletin board.
We know from IR phone calls and private messages--that they have the Audit qued and ready to go. I personally believe that they are going to go to the OTC in conjunction with the closing of the land deal or shortly thereafter. Beginning of the year 2007. That would be a huge infusion of profit to report on. If they wait, they will have to book the land deal as both an asset--in the land value equity, and as a liability as a debt. Why not close the deal and report it only as income? That makes your earnings per share look better. Also, why not max out their line of credit and launch thief financials with news that "they have a second 50 Million dollar line of credit--and they have maxed out their 1st" That would cause a stir!
Remember, there are going to be many many people selling their stake in the company for profit taking when this thing makes its initial run. It is to their advantage to go to the board and establish the maximum sustainable earnings the VERY FIRST TIME that they post their earnings. They need the maximum run available. That way, when the flippers come in, it will trap some of those late to the party at a higher price and will help stabilize the stock when the flippers pull the price down for a little bit. Establish a bunch of new--longs--that are upside down helps stabilize the stock.
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