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rocketeer357

10/03/06 8:34 AM

#1089 RE: Wallstreetman #1088

Have you had a chance to check out Providential's filings and website? It's worth a closer look now that there's an official partnership between the 2 companies. I had some trouble opening various links to "Subsidiary Companies" and so forth....can't say I'm overly impressed by the website...maybe because the site's trying so hard to make an impression: there's the O&G connection, the telecom connection, the Bio connection. It seems like an awful lot of irons in the fire for a .018 cent stock.
I'd be curious to know if any of these subsidiary companies actually produce revenue or earnings or if they're all fluff.
And while the 30% number announced in the press release is impressive, where will Providential get 30% of, say, the start up costs for a huge mine or hydro project? Have a look at their latest 10QSB, (unaudited) http://www.hoovers.com/free/co/secdoc.xhtml?ID=118644&ipage=4438351-4657-40600