Thursday, August 16, 2007 3:37:12 PM
800K (4+ million shares of stock retired)
600K (Preferred shares retired)
475K (Old note retired)
100K (Back interest and penalties)
-800K (New note)
-------
1175K Forgiven
-100K (loss from operations)
-300K (interest & Laurus penalties)
-------
775K "Profit" estimated
250K "Profit" reported
So where is the missing 525K? Fees/dilution from the new vulture financier? Given the increase in sales I doubt if operating losses were much larger.
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