Saean Group Inc. (SEAN)

[drwwicks]

Evening Msmalli, yes IF we ever get the financial statement we will be in much better shape. Personally at this early stage of the company, having them show a profit is not that important. New and successful companies often run in the red for years before going black. What a good financial statement would show would be debt and expenditures under control and declining, and revenues increasing. Maybe not enough revenue to overcome the debt but better than last year, In other word the trend show profitability is in the future.

It's a new company and we strongly suspect they took on toxic debt which hurts their bottom line. That income statement you posted a couple of weeks ago had a very high interest expense. Enough that it almost wiped opt the revenue. Other source of fund were not shown, depreciation, software leasing, etc.

Until they release the audited statements we are going to wallow with little buy/sell action unless we create some ourselves. I had 2 buys today and some Friday. Join me. So no buyers for this, and most of us are holding for better price. Some have announced a sell $$, me I don't know. Depends what my frustration level is. Didn't think I would buy anymore but I did. Must have felt encouraged, maybe it was gas.

DR