Lou,
Stated Revenues were 2,482,219
Then restated to 3,216,864 to reflect Caddo lake sale.
Hence, a $734,645 increase in sales due to Caddo lake sales.
If their profit, as stated was $105,614, then it would have been 743,645 - 105,614 or a LOSS of $ 629,031 without the sale of the Caddo property. Simple Math says it all.
Their operating loss for 2006 would have been $629,031 without the sale of that Caddo lake property. You can consider EBITA, of course, but Lanza's continued misrepresentation and misleading statements continue UNABATED. And that, my friend, is not a good thing for anyone, except the Lanzas.
With Lanza funneling $1,000,000 or more into Four Star and Petrol, from BD's coffers, and any company buying BD ceased that cash cow, perhaps BD would indeed show it's profitable picture with certain clarity.
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