VIFL - So presently if all costs stay as they are which shows no reason to change. If revenue stays at least the same. VIFL will be on track to show $0.478 net per share for 2010.
As of December 31, 2008 the Company owed MDS Nordion $628,629. On December 9, 2009 the debt was paid in full. The debt bears interest at prime plus 1%. The total interest paid on the debt for 2009 was $20,976.
Weighted average common
shares outstanding,
assuming dilution 2,816,458
Weighted average number of common shares
used in computation
-Basic 2,756,458 2,756,458
-Diluted 2,816,458 2,816,458
Net Income $ 698,358
698,358 + $628,629 + $20,976 = $1,347,963
$1,347,963 divided by 2,816,458 = $0.478 weighted average common share
So presently if all costs stay as they are which shows no reason to change presently. If revenue stays at least the same. VIFL will be on track to show $0.478 net per share for 2010.
disclaimer: opinion based on company information.
Yesterday is history! Tommorrow is a mystery! Today is a gift, that is why they call it the PRESENT.
