Private and Public companys report earnings and gross earnings in different ways. Two that will effect us are in how they handle executive pay towards the bottom line, which wont make to much of a difference. 2. Is how they report the consingment money they receive from the company's from with in the Wise Buy store. I am sorry but I can not recall the exact 8-K or shareholder letter that was PRed but it stated that the difference in how these are reported could add a few more million to the total gross of the stores, it will also effect the gross profit, which in turn will increase the PPS ratio. Also my 40 plus years in retail tell me that Hacketts and Wise Buy have a gross profit range of minimum 8% but closer to 10 or 12%. Also they get credit for the fact that they own some of the buildings and are not just leasing them. Combining the two companies into one company will lower the operating costs significantly also...any way because of all of this Iam expecting to see some numbes that will be much higher then the public expects and should prove to be very good for all of us. But the most important thing that everyone is missing all around the boards is that Tom has a 30% stake in a company that has a share price of over a $1.50 a share, that company will be rolled into the corporation and also other company's down the road. Bottom line is we are a company with nothing today...in the very near future we will be a company with MILLIONS OF DOLLARS IN REVENUE, with zero revenue we trade at a price equal to zero revenue, but with millions in revenue...well that is what we are all waiting for now isn't it. Today could be the day, just have to wait and see Have a good one evryone.
