InvestorsHub Logo
Followers 6
Posts 1448
Boards Moderated 0
Alias Born 03/15/2005

Re: Elbrus post# 15444

Monday, 09/17/2007 1:04:39 AM

Monday, September 17, 2007 1:04:39 AM

Post# of 19560
How do we explain the sentence in the PR on 9/14/07 that states "The Company has about 18,000,000 shares outstanding with $70 million gross revenue and $7 million profit."? Is this in reference to the Twelve Months Ended 12/31-2006? If yes, there is an inconsistency existing.

Specifically, as demonstrated in the previous email, the Unaudited Financial Statements for the Full Year 2006 states Net Income as approximately $5.5 Million and the recent Press Release (9/14/07) we see states $7.0 Million for Net Income.

What's goin' on here? Please comment and clarify.

Thank you,
Gratzi