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Re: Frogg post# 71777

Monday, 07/21/2008 12:28:29 PM

Monday, July 21, 2008 12:28:29 PM

Post# of 87368
If you remove the $682 million plus a couple more questionable entries (by me) from the assets on the balance sheet, it comes out they have about a million in assets. I doubt it's even that much.

Once again froggie...you present opinions as facts based on your obvious dislike for this company. Here is the CEO letting people in on the facts

Carol: Heritage Capital Credit Corporation posted its first quarter balance sheet and
income statement on the company’s website, which is www.heritagecapitalcredit.com and
the Pink Sheets at www.pinksheets.com. These financials were internally prepared and
they reflect the closings on three transactions in the first quarter. Those transactions
generated gross revenue of approximately $857,000. From those closings, we expect to
generate gross revenue by yearend of approximately $12 million, and this includes a
portion of the financing arrangement fee receivable of $33 million, which is amortized
over the 35-year life of the loan. Our assets total approximately $717 million and our real
liabilities are less than 5%.







Disclaimer: My Opinions are just that, opinions. I'm not responsible for anyones trading decisions.

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