Replies to post #48516 on American Premium Water Corp. (HIPH)

[Village man]

Hard to say because we did not get the numbers of originations. But if you take the 15.8 mil and divide into say $250k per loan you get about 63 loans with a gross number of say $5k each for a top line number of $315k

If, and we have to be cautious, if these numbers are close to accurate it would represent a nice turnaound from the 4th qtr.

But the PR was vague enough to not give us these details and it did not say even if they turned a profit.

I think we need to wait until after the 4th of July when EXPU will finally release the 1st qtr results to pinksheets to really see what is happening here.

[vantillian]

If they had $15M in originations it's likely they closed around 10%-20% of that based on previous reports.