AccessKey IP, Inc. (fka AKYI)

[Buell]

From the filing:
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6788627-16068-19452&type=sect&TabIndex=2&companyid=804379&ppu=%252fdefault.aspx%253fcompanyid%253d804379

791.000 - worth of sales after returns (526,993 full loaded)

But interest killed them $1.660.000 brought them to -$1.200.000 loss

So from what we have heard

Fact’s from PR’s
1. Product returns should be less so lets assume same sales $910 -10% say 800K
2. Interest payment have been reduced for two months

So worst case lets assume they have bad returns and same sales. I’ve included one month of high interest and two months of the new interest (best guess)

Number crunch summary (only operating):
395671
-31175.5
-3000
0
-7842.5
0
0
0
-123403
0
-600000

-369,750
why cant you post tables here @#$%

This puts them -369 - 400K that’s not bad. And this is worst case. But guys this is a real real long shot estimate as I obviously don’t have all/real numbers. This is also not including the 300k loan they just received.

But it should be better Q. The management seem to be heading in the right direction.

Thoughts?