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Re: flaflyersfan post# 3866

Thursday, 03/02/2006 10:45:16 AM

Thursday, March 02, 2006 10:45:16 AM

Post# of 78703
flaflyersfan - The problem is that their filings are nearly two years behind. That report is for 2004, investorguy is trying to interpret the PR's from the company and correlating that to revenue. It's a crapshoot at best. Now, you look at their recent PR's / 8K:
http://www.sec.gov/Archives/edgar/data/1100747/000102317506000043/american8k.txt
Their spending cash, so they either have to be bringing it in as revenue or they have to be dilluting in some fashion. Again, since the principles at Novak have been embedded with this company for years, I don't trust a darn thing from them.
B