I looked at thier earnings portion of the balance sheet and the numbers they use for deprecation are far too low,, especally for a company that requires additional new vehicles and sales of old equipment to stay competitive.. The depreciation numbers needed to even go to a 3 year w/o schedule would more than wipe out all earnings.. A 50% gross profit margin is not realistic in a taxi cab company with 18 vehicles.... Used vehicles that are used in Limo fleets bring little on the used market due to the miles and wear most have.. Hopefully a call to the company could explain why such a low write off on depreciation is being used.. Also since thay are not required to report any interm numbers they may be changed for the 1 time annual report filling at will.. Any way good luck with your position,, I'm off to the shop for the rest of the day,,, hank
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