Saker Aviation Services Inc. (SKAS)

[blindman28]

here is a 10-k from 2007 when the share price was 35 cents.
http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=5693290&type=HTML&symbol=SKAS&companyName=Saker+Aviation+Services+Inc.&formType=ARS&formDescription=Annual+Report+to+Shareholders%2C+voluntarily+filed+electronically&dateFiled=2008-05-23


im going to compare the numbers
Assets
2007,14.4 million
2012,8.5 million
Liabilities
2007,7.8 million
2012, 3.6 million
Revenue
2007,47 million
2012,17 million
Operating income
2007,205K
2012,1.2 million
Net income
2007,184K
2012,550K
EPS
2007, 0.01
2012, 0.02
Equity
2007,6.6million
2012,4.8 million
O/S
2007, 36 million
2012 33 million

Market cap

2007,12.6 million
2012 3.3 million

Even though the company was larger based on Assets and Revenues in 2007. the company is more Profitable in 2012 based on %. just reading the numbers it does not make sense that the market cap is 4 times lower than what it was in 2007