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AGORACOM Wire - Wednesday February 15th, 2012

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Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

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Strike Graphite Corp. (TSXV:SRK) Acquires Wagon Graphite Project in Quebec in Vicinity of Timcal's Lac des Iles Graphite Mine *CLIENT* Read More | Profile

Strike Graphite goes "Beyond the Press Release"

McLaren Resources (CNSX:MCL) Drills 7.0 Grams Gold Over 7.4 Metres at the TimGinn Property Located Adjacent to the Hollinger Mine *CLIENT* Read More | Watch Beyond the Press Release

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Message: annual financials expected shortly - interesting fact from last one

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carrottop

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annual financials expected shortly - interesting fact from last one

posted on Apr 21, 08 07:23AM

I'm very anxious to see the company's annual financials that I would expect any time now. There's an interesting stat from the last quarterly on Oct 31. Assets for the company have tripled since Jan 31/07 from 700k to 24million. That's because of the acquistion. What I find interest is the shareholder equity or in this case a deficiency. The last quarterly (Oct 31/07) showed a deficiency of 8 million on 24 million in assets... lets say about 33%. On Jan 31/07 CarBiz had a deficiency of 4 million based on assets of 700k. It's all relative folks. A year ago, the company OWED almost six times more than what it had (more than 600%). Three months ago, the company OWED just a third (33%). Relatively speaking, we are definitely moving in the right direction. I'm definitely looking forward to this annual report and subsequent quartlies to show a great trend for the future of this company.