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Cee-It

05/14/15 11:54 AM

#93561 RE: Cee-It #93560

Of course the SEC accounting rules helped that number a great deal; but still a positive earning quarter was not predicted here by anybody.
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Anvil

05/14/15 12:01 PM

#93563 RE: Cee-It #93560

earnings only due to gain on derivative liability accounting of $775k, if you cut out all the non-cash items, operating loss was ($118k), which could be reduced by the $25k cash received from Ximen. The $50k worth of Ximen shares are restricted for 4 months from issuance. Dumping the Ximen shares received to date would destroy the share price of Ximen put the Brett agreement is serious jeporday, not that it already isn't.