Shelron Group (fka SRNG)

[LoanStew]

Shelron announced third quarter results yesterday afternoon.
Here are the numbers:
Revenues were up from 198,353 to 306,751, their largest quarter to date, and second consecutive increase.
Losses were up from 240,113 to 275,319, the second consecutive quarterly increase in losses.
Cash position dropped from 568,251 to 440,614.
Accounts payable increased from 94,419 to 204,783.
Accounts receivable increased from 119,493 to 225,909.
Outstanding shares used to calculate were little changed, up about 2 million shares.
Amount due to shareholder increased from 420825 to 437985.
Fourth quarter numbers will be included in the 10K, which is not due until late March of 2007.
Happy Trading!