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Re: Sargeant-Preston post# 25188

Thursday, 10/01/2009 7:06:52 PM

Thursday, October 01, 2009 7:06:52 PM

Post# of 53980
I must have misread all those previous posts from TRCPA and the other FASC devotees, because I could have sworn they confidently predicted a profit.

But instead, I see a loss and a going concern warning:

"Net losses for the current year were $484,562 compared to a loss of $586,547 last year.....

The Company’s auditors have issued a going concern report meaning we will need to increase sales or raise outside capital in order to continue in existence."

No doubt we will be told that the 10Q, due shortly, will show a much better picture.

And no doubt that will also be an unrealistically optimistic (if that's the word I'm looking for) assessment.


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