Replies to post #4 on OSE USA INC (fka OSEE)

[mike306oh]

Last 4 Q's financials:

PERIOD ENDING 26-Sep-04 27-Jun-04 28-Mar-04 31-Dec-03
Total Revenue 1,240 1,207 1,023 914
Cost of Revenue - - - -

Gross Profit 1,240 1,207 1,023 914

Operating Expenses
Research Development - - - -
Selling General and Administrative 844 1,338 824 651
Non Recurring - - - -
Others - - - -

Total Operating Expenses - - - -


Operating Income or Loss 396 (131) 199 263

Income from Continuing Operations
Total Other Income/Expenses Net 8 8 - (1)
Earnings Before Interest And Taxes 404 (123) 199 262
Interest Expense 195 217 217 313
Income Before Tax 209 (340) (18) (51)
Income Tax Expense 2 2 - (81)
Minority Interest - - - -

Net Income From Continuing Ops 207 (342) (18) 30

Non-recurring Events
Discontinued Operations - - - (435)
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -


Net Income 207 (342) (18) (405)
Preferred Stock And Other Adjustments (299) (290) (290) (280)

Net Income Applicable To Common Shares ($92) ($632) ($308) ($685

Notes:

1. The last Q net loss was of only $92K. If the trend continue, we should be EPS positive for this Q. Shall see around February 10.

2. Any further improvement in this Q (Q4) financials (that one can expect), should trigger the same type of price move like after the last year Q4, and K financials were released:

http://cbs.marketwatch.com/tools/quotes/javachart.asp?siteid=mktw&symb=osee&x=10&y=7

If the financials are good (as I expect), this could easily go (again) to over 0.1 (I won't be surprised to see even around 0.2 for a few days) by April-May, IMO.

3. In any event, I've been loading in the deeps (and I still intend to). Did the same last year, and got out last spring with a nice 8+ MOMO, in less than 3 months. Hope to do the same this time around.

Mike