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Post by Warren on May 18, 2005 22:26:47 GMT -5
The ski shop is taking a little longer to close than exspected, but should be done shortly.
As I have been told in the past and have stated, after the close of the ski shop we will see finacials. Dan the president of PRRM has told me and others the he will be releasing the finacials shortly after the clos of the ski shop.
I think this is what most people wanted to know.
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Post by ToddCT on May 19, 2005 8:17:14 GMT -5
how soon is "closely" if they just start the process after the close, it taked 6 months...........
I do want financials and am considering selling some of my CMKX to buy more PRRM.
T
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Post by Warren on May 19, 2005 14:01:33 GMT -5
They have been working at closing it for a while now.
I think they thought they would of already been done by now, but they have not finalized it as of yet.
It should bee soon.
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Post by ToddCT on May 19, 2005 14:33:46 GMT -5
Sorry warren, I think you missed the question, I mean how soon after the close will the financials come out.
If they are just going to start them then it will be the end of the year before we see anything and that sucks.
T
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Post by Warren on May 19, 2005 14:38:19 GMT -5
I think they have alot of them ready. They have several entities and I believe they will put them out on each entity seperate with some kind of total after they run the list with the ski shop being last as it will have no official finacials until the end of the quater that it ws purchased.
This is how I understand it to work.
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Post by ToddCT on May 19, 2005 15:33:23 GMT -5
They can't do that, if they own more than 50% of a company they MUST consolidate into one financial statement, and have any minority interest as just that a minority interest.
I would guess that they will wait for a year end to do the initial audit and then release within the 4 months after that.
What is their year end though, is it 12/31 or a fiscal YE??
T
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