Triumph Apparel Corporation (TRUA)

[stervc]

Jtomm, about your thoughts...

I am not telling you that the way I worded the $15 million was correct. You were correct in how you mentioned it from the Conference Call when I went back to listen to it, but I got that piece of information from the ICON PR below in which I think I was correct in how I mentioned it from the ICON PR below:
http://biz.yahoo.com/ap/070312/iconix_acquisition.html?.v=1

My apology if I had interpreted incorrectly, but I think you can see why from how it is worded in the ICON PR link above. I’m thinking your interpretation from the Conference Call is probably correct, but still it works out for the same consideration when you do the math as ICON explained the amounts as Royalty Revenues in the Conference Call. Royalty Revenues are still Revenues as far as I am concerned and will be reflected within the financials as such to go towards increasing the profit margin having a better EPS considering me believing that DANS is profitable.

The Expenses we do not know, but I believe and I am willing to chance that their Expenses have been drastically reduced and that DANS is profitable from my DD. In the DANS PR below, Donald Schupak, Danskin's Chairman, said that the deal with ICON will create opportunities to increase shareholder value. To increase shareholder value, the profit margin has to increase usually by increasing Revenues and reducing Expenses. Now that the deal with ICON has been closed, I think such increasing of shareholder value have been put in place.
http://biz.yahoo.com/prnews/070222/nyth093.html?.v=87

In the ICON 8K below it’s stated that ICON will assume certain liabilities:
http://biz.yahoo.com/e/070227/icon8-k.html

As far as my assumptions, until we have certain facts officially released, that's all I can do. That’s the norm for most penny stocks. Still, enough facts have been brought out to make me feel very comfortable with my risk in DANS.

As for the preferred shares, they did issue more preferred shares as I had mentioned. They increased them to 7,190 shares. I think they did so for some positive reasons, but ICON and DANS must do the further explaining to confirm my thoughts.

I do understand your concern about referencing old filings, but I was told by both ICON and DANS to go to those old filings for current information. I didn’t like being told that because of how old the filings were, but I felt better after I started going through them.

Try to block out the incorrect reading of the $15 million from the post you were referring and re-read the post below again. If your feelings are the same, I would understand.
http://www.investorshub.com/boards/read_msg.asp?message_id=18651958

My bottom line thought was that with DANS being at least a $60 million company, I’m risking that DANS is very profitable because of a huge reduction in their Expenses due to the support from ICON.

Please see my thoughts I share as speculative in nature and not as a recommendation or persuasion to buy or sell. I only share with my posts what I see as a positive investing/trading opportunity and why. If I am wrong, I have no problem in standing corrected.

v/r
Sterling