Re: operations

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coach247

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Re: operations

in response to

operations

coach247

posted on Feb 25, 2008 06:09AM

My mistake: I reported the Q2 2006 financial results as EARNINGS above $1 million, when in fact it was REVENUES above $1 million in the quarter. An unfortunate mistake but the point remains valid. I think ECU is quite capable of generating internal cash flow from operations such that the urgency of completing an equity financing will be greatly diminished.