Digerati Technologies Inc (DTGI)

[atsilives]

ATSI 10KSB 31,690,000 REV IN 07.

This compares to 14,696,000 rev in fiscal 2006.
Here is the net site.
http://biz.yahoo.com/e/071017/atsx.ob10ksb.html

They also said 515,000 net profit. (About $.014 per share, based on 37 mil shares.)

I am not sure I fully understand the reason for the profit. They had a gross loss of -$257,000. They had a previously rescinded dividend payment of +$828,000. Subtract the 2, and you get the 515,000 profit. That adds up, BUT, most of the profit this year is due to this one time occurence. I am not sure where this 828,000 came from. Did it come out of one of the expenses ? Was it a one time accounting trick ? Didn't it come from a savings in 06 ? Does it affect anything in 2008 ? Even with double the revenues in 08, can we expect to reach 500,000 in profit without any accounting changes ?

I believe Mr Smith's upcoming update will tell us how revenues in august were, and maybe september. He also promised to lay out some plans in branching out into other opportunities. I am still positive. It just looks like the half a mil in profits this past year is artificially high.