InvestorsHub Logo
Followers 8
Posts 725
Boards Moderated 0
Alias Born 08/19/2006

Re: IRISHBULL post# 753

Thursday, 10/05/2006 1:59:15 PM

Thursday, October 05, 2006 1:59:15 PM

Post# of 56514
Page 17 shows "Consolidated Statements of Loss" for BizAuctions (formerly Kootenai Corp) for the six months ending June 30, 2006.
Note that the company reported zero revenues.

Now go to page 29 where you'll find "Statement of Loss...(Pro Forma)" for the six months ending June 30, 2006. Pro forma shows the results as if the acquistion had taken place before the beginning of the period; it shows the combined results of the shell and the acquired business.
Note sales of $75K.

If I'm missing something, please correct me, but that's how I see it.


"The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life."
--Theodore Roosevelt