One thing that impressed me on the 8-K financials was that the consolidated retained earnings as of 3/31/06 was
$92,924,491. Another item is that intangible assets are listed at $99,402,604. I assume this is the intrinsic net value of the company's lease agreements.
There are so many pink sheet companies that have hardly any revenues and show a deficit in retained earnings running into the millions. The 8-K figures indicate this to be a very sound investment, indeed.
Many here have noted misprints on PRs, and the same occurs on the 8-K. On the consolidated interim income statement for the first quarter of 2006, it is stated that the Net Income/(Loss)
per common share is $2,803,903. This is actually the company's first quarter Net Income. No figure is given for
earnings per share. I am very surprised that such an important
error was not picked up by the auditing firm. There are other
smaller mistakes as well, but not significant enough to be mentioned here.
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