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eibbanker

02/21/04 9:51 AM

#14538 RE: gooddoc #14535

My statement about the financials were not to just to indicate numbers- Numbers would be a major point if there were "showstoppers" or "Unexpected extremely +ve figures". They would provide shareholders with:

1) an understanding of the structure or inter-relationships between multiple entitites: in my old Corporate LendingCredit Risk days, I had to analyze maybe 10-20 credit applications per day involving multiple financials and sometimes a company may look weak or strong then be totally opposite when in conjunction with the consolidated financials of the entire inter-related company group- So I see it as a key.

2) It also indicates the mindset of the management on how they intend and have historically conducted business and how they wish to associate/structure the company.

Your welcome on the UGHO advice.. still looking for others in the sub say 20 million outstanding shares within defense or telecom industries with quick growth potential.