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MikeWhite

04/11/08 12:00 AM

#757 RE: MikeWhite #755

VERITAS77, morcash, secolton, Smendt___

Tell me these numbers are not reasonable? This is information straight from the balance sheet. Assets and liabilities do no appear out of thin air.

I am not pumping, bashing, or insulating your inelegance but I do challenge what everyone thinks is going on here. You know what, I hope I am wrong and you make a killing. The numbers simply do not add up. If they did add up then I might buy. Plus if you convince this skeptic then I am sure others might also be convinced...

This just looks like a MOMO or pump with MM and or shareholders unloading on the unfortunate who bought into this and now the price is back to low...

-Mike
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everett7

04/11/08 12:09 AM

#759 RE: MikeWhite #755

Total assets = $23 million per latest 10-Q, add $10 million from settlements to that, that's $33 million.

Total liabilities are $17 million, preferred is $5 million or so, that leaves $11 million for common.

Assume they burned all $7 million on the balance sheet, that's $4 million for common, or .13 cents per share.