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texasrandy

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texasrandy

Re: reversemergerspec post# 12737

Thursday, 02/21/2008 1:11:34 PM

Thursday, February 21, 2008 1:11:34 PM

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Reverse: One thing to remember about that $7 million in revenue is that it cost them $6 million to generate it. Plus tack on another $2 million in S&A expenses. They are in an extremely low margin business. I would expect the same situation in 2007 as in 2006 & 2005. Both operating and net losses.
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