EATR.0004.HUGE ALERT on The Filing.CHECK ALL BOLD POINTS.HUGEEEEE. Big Revenues,Profits,Inside buying,Insiders own most of the stock, Divy Coming.Check all bold.Very interesting.Stock is extremely undervalued.Read the whole thing.You will like it. http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=33891 Revenues for the year ended December 31, 2009 increased to $7,053,691 from $6,004,285 for the same period in 2008. Our media division accounted for 41% of revenue in 2009 and our retail operations accounted for the remaining 59%. Revenue from our media division mainly came from many different clients. COST of SALES Cost of sales is the direct cost related to retail sales. Cost of sales decreased to $702,759 from $3,522,265 for the same period in 2008. The decrease in cost of sales is attributable to the company’s ability to streamline Internet sales. GENERAL AND ADMINISTRATIVE EXPENSES General and administrative expenses increased to $2,300,000 for the year ended December 31, 2009 from $802,743 for the Year ended December 31, 2008. This increase is primarily attributable to an increase in the number of global conferences attended by bnetTV.com. Net Profit For the year ended December 31, 2009 and December 31, 2008 net Profit from operations was $3,831,881 and $1,679,277 respectively. The increase in net profit is primarily attributable to the increase in Internet sales of Gems and Jewelry Profit PER SHARE The Profit per share for the Year ended December 31, 2009 was $0.0256 compared with the profit per share of $0.231 for the Year ended December 31, 2008.
During 2009, the Officers and directors Purchase and other employees purchased 1,499,000,000 shares of the Company’s common stock. The shares were valued at their fair market value at the date of the purchased.
Total holding of officers and directors; Gerald Sklar President, Director 693,200,000 $0.009 $6,238,800 David Young Vice President, Director 380,847,420 $0.003 1,904,237 Total 1,074,047,420
DIVIDENDS We have not declared any cash dividends on our common stock since our inception. On May 24th, 2010 the company announced that the board of directors of the company has declared a dividend to shareholders of record as of July 30th 2010. The dividend will be paid in the form of shares of bNET Communications, Inc. Eastern Asteria acquired these shares during the sale of assets of bnetTV.com, Inc. As of the date of this filing the number and/or percentage of shares that will be dividend out has not been ratified by the board of directors.
Winmax Trading Group, Inc. and Subsidiaries Condensed Statements of Operations and Comprehensive Profit Years Ended December 31, 2009 and 2008 (Unaudited) 2009 2008 Revenue: Sales - Gems and Jewelry $ 4,172,100 $ 3,072,500 Sales - Web work 2,881,591 2,931,785 7,053,691 6,004,285 Operating Costs and Expenses: Cost of sales 702,759 3,522,265 General and administrative 2,300,000 802,743 3,002,759 4,325,008 Operating profit before other expenses and provision for income taxes 4,050,932 1,679,277 Other Expenses Loss on one time Lease cost $ 219,051$ $ 0 Loss before provision for income taxes $ (168,119) $ 1,679,277 Provision for income taxes $ - $ - Net Profit $ 3,831881 $ 1,679,277 Other comprehensive Loss: Foreign currency translation adjustment ( 0 ) (29,623) Other Income: Gain on sale of Database content 398,308 Gain on sale of equipment 27,909 Total Comprehensive profit $ 4,258,098 $ 1,649,654 Weighted-average number of common shares outstanding – basic and diluted 110,154,058 38,091,058 Net profit per common share–basic & diluted $ 0.0256 $ 0.231