Gold Horse International, Inc. (fka GHII)

[GorillaGorilla]

What to expect in 10K?

I'm fast tracking the DD on this company in the hope that they will release reasonable results. This is what I'm expecting? Any old timers on the board see mistakes or is that pick your brains?

FY
Revenues 90 million
Net Margins 7%
EPS 11 cents
Outstanding 58 million

Cash - Anything above 190K is good - recover from cash crunch
I'm guessing that since Q4 is a strong quarter vs Q3 cash might be caught up in receivables?
Convertable Debt - 2.1 Million
Loans Payable - 1.5 Million

Q4
Rev 38 Million
Net income 3 million
EPS 0.05 cents

We are expecting that some of the convertable debt has been paid off? I'm not understanding the subtleties... I assume they are having problems getting hands on cash and paying off the convertables?

Hope I'm not confusing anyone, other than myself

rich