Replies to post #71777 on Protective Capital Structures Corp. (fka PCSO)

[heelsgo1]

Frogg, thanks for the DD, but I know the assets come from a promissory note. We don't know if they have or haven't been paid for the preferred shares yet as we only have Q1 limited numbers so far... unless HCPC sent you an advanced copy of Q2?

"If you remove the $682 million plus a couple more questionable entries (by me) from the assets on the balance sheet, it comes out they have about a million in assets. I doubt it's even that much."

LOL! IF!

[crooner]

If you remove the $682 million plus a couple more questionable entries (by me) from the assets on the balance sheet, it comes out they have about a million in assets. I doubt it's even that much.

Once again froggie...you present opinions as facts based on your obvious dislike for this company. Here is the CEO letting people in on the facts

Carol: Heritage Capital Credit Corporation posted its first quarter balance sheet and
income statement on the company’s website, which is www.heritagecapitalcredit.com and
the Pink Sheets at www.pinksheets.com. These financials were internally prepared and
they reflect the closings on three transactions in the first quarter. Those transactions
generated gross revenue of approximately $857,000. From those closings, we expect to
generate gross revenue by yearend of approximately $12 million, and this includes a
portion of the financing arrangement fee receivable of $33 million, which is amortized
over the 35-year life of the loan. Our assets total approximately $717 million and our real
liabilities are less than 5%.

[SeattleITguy]

You assume that they haven't been paid for the promissory notes. Remember, these were Q1 numbers - we're already in Q3. A lot could have happened between then and now. Also, the balance sheet they posted was unofficial - as they, more-or-less, stated on page 1, LOL!!!!