Globe Photos Inc (fka GBPT)

[lem114933]

Doc. What makes it truly unbeleivable is that they have only
2 employees, 0 revenue, and are showing a loss of 418k for the 1st 6 months this year.

BRIEF: G For the six months ended 31 May 2006, Manchester Inc.  
  G     reported no revenues. Net loss totaled $418K, up from $37K.  
  G     Revenues reflect the company being in exploration stage.  
  G     Net loss reflects presence of $255K compensation &  
  G     benefits expenses, the presence of $44K consulting fees,  
  G     presence of $10K rent expense, presence of $7K travel &  
  G     entertaining expense, increased professional fees expenses  
  G     and higher interest on notes payable.  
  G  
  
  G L       HISTORICAL QUARTERLY RESULTS ($000)  
  LREVENUE                        2003        2004        2006  
  O1st Qtr    FEB G                    0           0  
  O2nd Qtr    MAY G                    0           0           0  
  O3rd Qtr    AUG G                    0           0  
  O4th Qtr    NOV G                    0           0  
  LEPS                    (U.S. Dollars per share)  
  O1st Qtr    FEB G               -0.002       0.000  
  O2nd Qtr    MAY G               -0.001      -0.005      -0.010  
  O3rd Qtr    AUG G               -0.004       0.000  
  O4th Qtr    NOV G               -0.004      -0.001  
  G  
  L          DIVIDENDS                          EMPLOYEES  
  O     Last Dividend Decl.    G $    NA O     # Employees           G         2  
  O     Last Div Ex-Date       G      NA O     Sales/Employee (TTM)  G        NM  
  O     Last Div Pay Date      G      NA O     Net. Income/Empl.(TTM G)       NM  
  G  
  G