Replies to post #6175 on Value Microcaps Motherboard

[10 bagger]

ALY...

Earnings adjustment from the following SEC fillings...
The Board of Directors of the Company reached the conclusion to restate the Company's financial statements in consultation with, and upon the recommendation of its Audit Committee and management of the Company. The result of the restatement will be to increase the carrying value of assets contributed by M-I L.L.C. by $3.3 million from their historical cost of $7.0 million to $10.3 million, to eliminate previously recorded negative goodwill of $1.5 million, to increase minority interest by $1.5 million, to increase paid in capital by $0.9 million and to record a non-operating gain of $2.4 million on the sale of an interest in a subsidiary (AirComp) in the third quarter of 2003.

As a result of the restatement, depreciation expense will be increased in 2003 and 2004 and in future periods. For the year ended December 31, 2003, expenses will increase by $62,000, and the Company will recognize a non- operating gain of $2.4 million on the sale of an interest in a subsidiary. For the nine months ended September 30, 2004, expenses will increase by $243,000. Accordingly, as a result of the change in accounting for the AirComp transaction, investors are cautioned not to rely on the Company's previously issued financial statements for the periods noted.

This was posted after first earnings release...Hope this clears up the differences...DO your on DD...hank

[MSGI]

hewb, I'm still holding BSIC and with all the talk of $60 to $80 per barrel, I will keep holding it.