@@@$$$ PRMO $$$@@@ LOOK below from taki TAKI Share Thursday, March 05, 2009 10:29:37 PM Re: None Post # of 2019212
PRMO.000x.0002.HUGE=CHEAPEST PRMO.000x.0002.HUGE=CHEAPEST PROFITABLE GOLD PLAY OUT THERE RIDICULOUS CAP OF 150K$.READ BOLD AND FILING BELOW.HUGEEEEE. Read Bold F HUGEEEEEEEEEE.Profitable.1)The made 951$ K for the year 2008. 2)Divide that to 1,5 billion O/S=.00063 Per share earnings. 3)AT 20 P/E WE ARE LOOKING AT .0126 PPS.AT 10 P/E WE ARE LOOKING AT .0063 PPS.AMD AT A VERY LOW 5 P/E WE ARE LOOKING AT .00315.STOCK TRADES AT .0001?????LMAO.IT SHOULD ROCK BIG TIME IMO.BTW THIS REPORT IS UNTIL YEAR ENDING JUNE 30TH 2008 SO IT DOES NOT HAVE THE HUGE REVENUES LOOK BELOW INVENTORY. SO IMAGINE WHEN THAT REPORT COMES OUT???? 4)THIS IS F HUGEEEEE.As of December 31, 2008; the Company has operations in Ghana and has secured 5000Kg. of gold mining concentrate having a significant amount of gold. 5)POSITIVE SHAREHOLDERS EQUITY. 6)CASH AT HAND.
http://www.promresources.com/promfinancials2008.pdf Note 3 -Mining Claims- As of Sept 30, 2007; the Company has secured the mining rights in the Republic of Ghana. Note 4 – Inventory On Oct. 17 2008 the company had a gross sale of USD$1,927,000.00. On Nov. 12 2008 the company had a gross sale of USD$816,000.00. As of December 31, 2008; the Company has operations in Ghana and has secured 5000Kg. of gold mining concentrate having a significant amount of gold. PROM RESOURCES, INC. BALANCE SHEET FOR THE YEAR ENDING JUNE 30, 2008 (UNAUDITED) ASSETS June 30, 2008 June 30, 2007 CURRENT ASSETS Cash $ 675,808 $ 39,486 Accounts Receivable 12,500 50,000 Refundable Taxes 69,265 31,765 Inventory 4,715,000 950,000 TOTAL CURRENT ASSETS 5,472,573 1,071,251 OTHER ASSETS Property and Equipment 4,093,459 202,000 Pre Paid -Taxes (note 2) 728,625 0 4,822,084 292,000 TOTAL ASSETS $ 10,294,657 $ 1,273,251 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES Accounts Payable $ 1,291,225 $ 18,549 Inventory Liability 2,000,000 700,000 Notes Payable on Taxes (note 2) 800,000 0 Total Current Liabilities 4,091,225 718,549 Loans Payable (note 3) 2,351,459 737,173 Total Liabilities $ 6,442,684 $ 1,455,722 SHAREHOLDERS EQUITY Preferred Stock Par Value $10 per share Authorized 10,000,000 stock No shares are issued or outstanding $ 0 $ 0 Common Stock No par value Authorized – 2,500,000,000 Issued and Outstanding 1,484,821,806 13,650,363 10,567,144 Retained earnings (deficit) 951,225 (179,000) Accumulated earnings (deficit) (10,749,615) (10,570,615) Total Stockholders’ Equity (Deficiency) 3,851,973 (182,471) Total Liabilities and Stockholders’ Equity (Deficiency) $ 10,294,657 $ 1,273,251 See the accompanying notes to the financial statements. PROM RESOURCES INC. STATEMENT OF COMPREHENSIVE GAIN (LOSS) FOR THE PERIOD ENDING JUNE 30, 2008 (UNAUDITED) See the accompanying notes to the financial statements. June 30, 2008 June 30, 2007 REVENUE $ 1,250,000 $ 0 LOSSES AND EXPENSES Accounting 10,000 15,000 Camp Supplies 15,000 0 Communications 20,000 10,000 Engineering 15,000 0 Equipment Rentals 7,600 0 Export Tax 8,750 0 Finance Costs 27,000 20,000 Fuel 33,400 0 Housing 26,000 0 Inventory Storage 7,500 0 Labor 30,000 0 Legal 7,000 15,000 Licensing 10,000 0 Maintenance 27,000 0 Office 12,000 24,000 Shipping Costs 12,000 0 Testing Supplies 1,200 0 Transfer Agent 9,325 15,000 Travel 20,000 80,000 Total expenses 298,775 179,000 NET (LOSS) $ 951,225 $ (179,000) NET GAIN PER COMMON SHARE (LOSS) $ 0 $ 0 PROM RESOURCES, INC. STATEMENT OF CASH FLOWS FOR THE PERIOD ENDING JUNE 30, 2008 (UNAUDITED) See the accompanying notes to the financial statements. June 30, 2008 June 30, 2007 Cash flow from operating activities (Loss) $ 1,250,000 $ (179,000) Adjustments: Costs of Goods Sold 298,775 50,000 Net cash provided from operating activities 951,225 (129,000) Cash flows from investment activities 0 200,000 Purchase of equipment (4,073,459) 0 Cash flows from financing activities Sale of Common Stock 3,082,748 510,000 Increase in loans payable to officers/shareholder 0 (270,514) Net cash provided by financing activities 3,082,748 239,486 Net Increase in cash (decrease) 39,486 39,486 CASH, BEGINNING OF THE YEAR 39,486 0 CASH END OF PERIOD $ 675,808 $ 39,486 ACCUMULATED DEFICIT $ 9,798,390 $ 10,749,615 TOTAL SHAREHOLDERS EQUITY (Deficiency) $ 3,851,973 $ (182,471) PROM RESOURCES, INC. STATEMENT OF SHAREHOLDERS EQUITY FOR THE YEAR ENDING JUNE 30, 2008 (UNAUDITED) See the accompanying notes to the financial statements. PREFERRED STOCK STOCK AMOUNTS COMMON SHARES STOCK AMOUNT RETAINED EARNINGS (DEFICIT) ACCUMULATED RETAINED EARNING (DEFICIT) TOTAL SHAREHOLDER EQUITY BALANCE JULY 1, 2007 0 $0 1,484,831,800 $10,567,144 ($179,000) ($10,749,615) ($182,000) ISSUANCE OF COMMON STOCK FOR CASH 783,365,815 3,082,748 0 0 3,082,748 NET GAIN FOR THE YEAR ENDING JUNE 30, 2008 951,225 951,225 951,225 BALANCE JUNE 30, 2008 $ 2,268,197,615 $ 13,649,892 $ 772,225 $ (9,798,390) $ 3,851,973
CERTIFICATIONS I, Dror Moradov, Chief Executive Officer, certify that: 1. I have reviewed this annual report of Prom Resources, Inc.; For the year ended June 30 2008; 2. Based on my knowledge, this annual report For the year ended June 30, 2008 does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this annual report; 3. Based on my knowledge, the financial statements, and other financial information included in this annual report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report for the year ended June 30, 2008; 4. Based on my knowledge, the financial statements, and other financial information included in this Annual report were prepared according to GAAP February 11, 2009 /s/ Dror Moradov ------------------ Dror Moradov Chief Executive Officer PROM RESOURCES INC NOTES TO FINANCIAL STATEMENTS JUNE 30, 2008 (Unaudited) Note 1 – Summary of Significant Accounting Policies This summary of significant accounting policies of Prom Resources, Inc. (the “Company”) is presented to assist in understanding the Company’s financial statements. These financial statements and notes are representations of the company’s management. These accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation of the financial statements. The Company’s books are maintained on the accrual basis. Treasury stock is carried on the books using the cost method for the purpose of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with maturity of three months or less to be cash equivalents. Note 2 – Nature of Operations Prom Resources, Inc. which was formerly known as American Benefits Group, Inc., Lifeline Benefits Group, Inc. and Living Benefits Group, Inc., was incorporated on February 26, 1996, in the state of Florida. The company was involved in the business of viatical settlements. Effective July 1997, the company ceased its business operations in viatical settlements, liquidated all assets and paid all liabilities. In September 1997, the company was acquired by new shareholders and the company is now in the business of exploring and sampling mining perimeters for mineable material in the Republic of Madagascar, and the Republic of Ghana. In August 2002 the company elected to file at Form 15, a certification and notice of termination of registration under section 12(g) of the securities exchange act of 1934 or suspension of duty to file reports under sections 13 and 15(d) of the securities exchange act of 1934. In September 2002 Mr. Dror Moradov was elected President and Chief Executive officer of the company. Under his leadership the company divested all of it subsidiary businesses and focused only on the or further economic viability of exploring and extractions of mineable material in the Republic of Madagascar, and the Republic of Ghana. In October of 2006 the company began to secure additional perimeters in the of Republic of Madagascar Note 3 -Mining Claims- As of Sept 30, 2007; the Company has secured the mining rights in the Republic of Ghana. Note 4 – Inventory On Oct. 17 2008 the company had a gross sale of USD$1,927,000.00. On Nov. 12 2008 the company had a gross sale of USD$816,000.00. As of December 31, 2008; the Company has operations in Ghana and has secured 5000Kg. of gold mining concentrate having a significant amount of gold http://profile.myspace.com/index.cfm?fuseaction=user.viewprofile&friendid=160935166
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