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Post# of 86719
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MikeDDKing

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MikeDDKing

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Re: Rawnoc post# 8395

Friday, 02/02/2007 11:38:37 AM

Friday, February 02, 2007 11:38:37 AM

Post# of 86719
OOPS. I grabbed the wrong number for shareholders' equity. The prior quarter they had shareholders' equity of -$5,344,031. If we add in the $8M private placement, they will have shareholders' equity of $2.66M. I don't think operations this quarter will put them over the $4M mark. Standard #1 also requires them to have $4M in shareholders equity to qualify so they will not get through on that.

However, standard #4 will work!

Mike
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