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EarnestDD

07/01/07 8:16 PM

#274093 RE: Hockmir #274085

I did some quantitative analysis on the accounting and finance numbers provided by Sulja in past PR's and posts by its ex-CEO.
Ignoring a few months timing differences here is an analysis of available cash that I have foresically determined should be available to Sulja as of Dec. 31/06. (expressed in millions of dollars)
Inflows:
Net Income for 2006 year ...... $15
Nominee share sale proceeds ....$11
Sub-total ........................$26

Outlays:
Pay out Sulja debts ............$ 7
Purchase of Sams ...............$ 1
Legal and professional fees ....$ 2
Travel costs ...................$ 1
Sub-total outflows ..............$11

Net cash available ...................$15

Net cash available per PV ............$0.5

Difference ...........................$14.5

Do you care to comment on my analysis as to where the missing $14.5 million was spent?