I sure hope I'm wrong reading this..but I think I'm not...sorry if the format is messed up.
Cash distributions received from PDS during the nine months ended February 28, 2009 and February 29, 2008 of $7,648,589 and $16,666,800, respectively
Cash distributions received from PDS during the six months ended November 30, 2008 and 2007 of $7,648,589 and $7,738,072, respectively,
According to this we got not a dime from Austek and PDS lost money.....
We are accounting for our investment in PDS under the equity method of accounting, and accordingly have recorded our share of PDS’ net loss during the three months ended February 28, 2009 of $751,021 as a decrease in our investment
| |
|
Three Months Ended
|
|
|
Nine Months Ended
|
|
|
|
February 28,
2009
|
|
|
February 29,
2008
|
|
|
February 28,
2009
|
|
|
February 29,
2008
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
$ |
290,000 |
|
|
$ |
27,918,970 |
|
|
$ |
19,340,000 |
|
|
$ |
48,851,970 |
|
|
Operating expenses
|
|
|
1,807,244 |
|
|
|
2,735,261 |
|
|
|
5,893,877 |
|
|
|
16,334,021 |
|
|
Operating income (loss)
|
|
|
(1,517,244 |
) |
|
|
25,183,709 |
|
|
|
13,446,123 |
|
|
|
32,517,949 |
|
|
Interest and other income
|
|
|
15,202 |
|
|
|
64,696 |
|
|
|
58,580 |
|
|
|
177,281 |
|
|
Net income (loss)
|
|
$ |
(1,502,042 |
) |
|
$ |
25,248,405 |
|
|
$ |
13,504,703 |
|
|
$ |
32,695,230 |
|
Who wants to bet those last two we signed were for peanuts too...just to get them in right before the final rejection was made public.
