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STTC----------> needs TLC -------Or------->News
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[QUOTE]Originally posted by Dustoff101: [QB] Here's something from another board... Anything about the S-8's always get my attention..I am posting it verbatum. ------------------------------------------------ Remember, the S-8 filing that paid for operational expenses will not improve the Income Statement. The expenses still accrued, but were not paid for in cash. So, the cash balance will be improved (balance sheet) and the net cash used in Operating Activities will decrease (cash flow statement)…by paying for the expenses in S-8. But it will NOT affect the Income statement. I’m assuming at some point; their “Professional Fee’s & Compensation Expenses” will not increase with increasing revenues. The cost of auditing/Sarbanes-Oxley will not substantially increase with increased revenues. And at some point, they will (I hope) stop hiring Executive Management/Consultant (i.e. Tucker McDonaugah) type of employees who don’t directly impact revenue. These Exec’s/Consultants are coming in to help in the expansion of the business. More importantly, they are helping to build the company to run itself at some point. Case in point is the Halsey Group coming in and setting up a standard procedure for all new sales processes. It was a one time upfront fee that will pay off for years to come. Remember, STTC is diligently looking for new acquisition opportunities and when that happens, the new companies acquired will be able to quickly adapt to STTC’s procedures that are now established. This year could be the time where the company takes all these upfront costs. I don’t have to big of an issue with that AS LONG AS they are communicating their plan to current and potential investors! And since they are currently looking for an IR firm, I imagine they will be doing it soon. [/QB][/QUOTE]
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