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Re: MWM post# 122

Friday, 08/29/2008 3:50:50 PM

Friday, August 29, 2008 3:50:50 PM

Post# of 152
They compared to last year same period -

To compare to the last quarter they are almost the same, which is in line with the projections.

1st quarter Revenues, net of royalties, for Q1 2008 were $7,562,892
2nd quarter Revenues, net of royalties, for Q2 2008 were $7,911,854 or a gain of $348,000

1st quarter Cash flow from operations for Q1 2008 was $4,310,406
2nd quarter Cash flow from operations for Q2 2008 was $4,286,158 less by $24,000

1st quarter Net income for Q1 2008 was $1,873,809 (5 cents per share)

We do not know the net this quarter as they took a book loss on the sale of some properties, but imagine the real new is similar to the past quarter.

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