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waltczyk

05/21/08 1:35 AM

#15565 RE: OLWALRUS #15545

can you please explain why they post financials that do not give the true picture of the company. I ask because you are stating a multiple of 21 - which IMO is way way way off.

thanks

we all know ALL costs are not included and if you don't well.............
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waltczyk

05/21/08 9:10 AM

#15571 RE: OLWALRUS #15545

you say that you understand what is going on with the company and that many of us are lacking in wisdom and experience, etc etc

thus I am asking you - why did the company post inaccurate financial statements given we know that all costs are NOT included

asking because while i may be novice to oil and gas, I am not a novice when it comes to publishing public financial information

or are you assuming that the financials posted are accurate?

thanks for your help

the pps comment i made is in direct correlation to the inaccurate financial statements - if the financial statements are overstated because the company has not included all costs, your multiplier is than understated