InternetArray Inc (INAR)

[de_wittuh]

ASSETS

cash 2008: 1.624
2009: 61.124,47

investments 2008 1.650.000
2009 1.745.000

good sign: assets rise


LIABILITIES

current liabilities 2008 1.498.041
2009 1.104.480

so they reduced their liabilities...also a goodddd sign!!!

equity 2008 -5.093.973
2009 -4.243.327

equity ROSE !!!!!


remark: O/S rose tooooo from 4.3billion to 6.9 bio (how else did they got the cash to do these things above = "other income of 826.455 in 2009)


OPERATING INCOME 2008 0
2009 46.996 (it's a start)

OPERATING EXP. 2008 85.842
2009 44.445,15

OPERATING RESULT 2009 IS POSITIVE !!!

INTEREST EXP. 2008 665.742
2009 417.911

reducing their debt has a big influence on the interest exp.....also very important


NET INCOME 2008 -751.584
2009 +240.042





SO at least we have to see some RISE in the PPS