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LoanStew

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LoanStew

Re: None

Wednesday, 11/15/2006 12:47:10 PM

Wednesday, November 15, 2006 12:47:10 PM

Post# of 2302
ETLC released their 3rd quarter numbers on Monday.

Revenues dropped from 8992 last quarter to 8359 this quarter.
Losses dropped from 138607 last quarter to 108580 this quarter.
Assets rose from 8980 to 11761, but liabilities also rose from 794453 to 831124.
Among the liabilities to arise was a bank overdraft of 11864.

Ratio of debt to assets dropped from 88.469:1 to 70.667:1.
The company has now used 150,313 of the 250,000 promissory note from AHM, and has accrued interest on it of 3902, which is due on February 1, 2007 (along with any additional interest that accrues through that date). The principal is due on December 1, 2007.

Happy Trading!

"Taking advice from known stock promoters is like telling a pickpocket where you keep your money!!!"

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