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Re: alexindef post# 9

Sunday, 08/10/2008 4:15:23 PM

Sunday, August 10, 2008 4:15:23 PM

Post# of 886
besides the 'low-floater' factor the company is making quite a bit of progress eliminating their pending debts as their loss for the 31-Mar-08 quarter read 368K and this quarter (30-Jun-08) their losses have been cut in half, now @ 174K

they seem to have really taken in to cutting unnessesary expenses >>> in the Selling General and Administrative sector they managed (over this one quarter) to cut costs by 82K!

in addition to that the Net Income Applicable To Common Shares (MArch 31st, 2008)was -631,000 and as of June 30th, 2008 it has been reduced to only -198,000...






LEAVE IT UP TO 'OL EDWARD STEVENSON TO DO YOUR DD FOR YOU AND THEN LET YOU CALL IT YOUR OWN



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