So what value would you place on IYSA?? Almost 8M in NET INCOME for 9 months up 76% from last year. That aint to shabby!
Seems to me even with the 1:10 IF they do it (it's not in the 8K so I am not so sure they will) - would have some awesome potential here.
That's why this is running so hard today - the fundamentals are there imo.
FROM THE 8K
Net income was US$4,401,973 in the nine months ended September 30, 2006, compared to US$7,733,800 in the nine months ended September 30, 2007, an increase of US$3,331,827, or 76%.
LIQUIDITY AND CAPITAL RESOURCES
The Company currently generates its cash flow through operations which it believes will be sufficient to sustain current level operations for at least the next twelve months. In 2008, we intend to continue to work to expand our tourism services and mass media outlets, including the acquisition of a provincial-level education TV station.
To the extent we are successful in rolling out our advertising campaign programs, identifying potential acquisition targets and negotiating the terms of such acquisition, and the purchase price includes a cash component, we plan to use our working capital and the proceeds of any financing to finance such acquisition costs. Our opinion concerning our liquidity is based on current information. If this information proves to be inaccurate, or if circumstances change, we may not be able to meet our liquidity needs.
2007 – 2008 Outlook
Over the course of the next few years, we intend to grow and expand our tourism and mass media marketing businesses. We expect to acquire additional tourist areas that will enhance our reputation as a world-class company that develops and manages tourist attractions. These acquisitions will be financed either through revenues of the Company or by financings and sales of the Company’s stock or other securities. In addition, the Company expects to roll out a “chain” travel agency that attracts many Chinese tourists, both foreigners and Chinese natives exploring other Chinese cities, and will link each of its tourist attractions and self-promote each attraction. This will be accomplished by offering tours of multiple tourist attractions and travel between these tourist attractions.
With respect to the mass media, we expect to grow by acquiring another operating television network. We will be looking to acquire a provincial-level educational TV station.
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