Continua a girare la notizia che DiBenedetto (qualcuno spieghi ai difettosi che si scrive tutto attaccato) sarà a Roma domani accompagnato da Mr Joseph Cala (un altro MAGNATE!) neo presidente della Salernitana (leggete i post precedenti se vi va, spero per i salernitani che si tratti solo di omonimia).
Mi sto leggendo il report della "Cala Corporation" relativo al quarto trimestre 2009. Il business della società sarebbe "costruire palazzi e casinò sottomarini". A quanto ho capito, raccolgono i capitali facendo dei preliminari di vendita con potenziali acquirenti. Le azioni della Cala stanno vivendo un boom.
Leggendo il report IV sem. 2009, l'ultimo che ho trovato, sono rimasto senza parole, ma forse non capisco io.
Visto che qua girano anche esperti di finanza ed economia aziendale vorrei un vostro commento:
http://www.sec.gov/Archives/edgar/data/794107/000127351511000003/ver4calaq309.htmPS. Ecco un pezzo del report:
Results of Operations
(a) Revenues.
The Company reported no revenues for the three and nine months ended September 30, 2009 and 2008. The Company did receive rental income in 2008 from the building it owned and revenue from the sublease of one of the restaurants it leased. This revenue is classified as Other Income. The Company received other income of $1,500 and $23,092 for the three and nine months ended September 30, 2008.
(b) General and Administrative Expenses.
The Company incurred total general and administrative expenses of $77,964 for the three months and $257,801 for the nine months ended September 30, 2009 as compared to $16,950 for the three months and $191,290 for the three and nine months ended September 30, 2008. The increase in this expense category for the three and nine months in 2009 was due to an increase of officer salary accrual during 2009 over 2008.
(c) Depreciation and amortization.
Depreciation and amortization for the three and nine months periods ended September 30, 2009 was $2,064 and $14,095 and $8,612 and $21,958 for the same periods ending September 30, 2008, The depreciation is attributable to the building that was owned by the Company in 2008, website development costs and vehicle owned by the Company.
(d) Interest Expense.
The Company incurred interest charges of $3,590 and $10,543 during the three and nine months ended September 30, 2009 and $8,026 and $26,619 for the respective periods in 2008.The lower interest during the 2009 period was due to the relinquishing of the building in 2008 and no interest on the mortgage being paid in 2009.
(e) Net Loss.
The Company reported a net loss of $83,618 and $274,939 for the three and nine months ended September 30, 2009 as compared to a net loss of $864,043 and $1,062,272 for the same period ended September 30, 2008. The decreased in net loss in 2009 over the same periods in 2008 is attributed to the write down of the development costs of the undersea vessel and the loss on the building returned to the mortgage holders in 2008.
(....)
Operating Activities.
The net cash used in operating activities was $15,592 for the nine months period ending September 30, 2009 compared to net cash used of $97,306 for the nine months ended September 30, 2008. This decrease of cash used is due primarily to the reduction of accounts payable and an impairment loss in 2008.
Investing Activities.
Net cash used in investing activities was zero for the nine months period ending September 30, 2009 and 2008.
Financing Activities.
Net cash provided by financing activities was $15,592 for the nine month period ending September 30, 2009 and $84,159 for the same period ending September 30, 2008. Financing activities for the period ending September 30, 2009 were lower due to stock sales of $76,500 and note proceeds of $63,837 in the period ended September 30, 2008.
Liquidity and Capital Resources.
As of September 30, 2009, the Company had total current assets of zero and total current liabilities of $549,435, resulting in net working capital deficit of $549,435. During the nine months ended September 30, 2009 and 2008, the Company incurred losses of $274,939 and $1,062,272, respectively. The aggregate accumulated deficit and accumulated deficit during the development stage of the Company is $13,997,529 ($11,886,789 and $2,110,740, respectively). These factors raise substantial doubt as to the Company's ability to continue as a going concern. In fact, the Company's independent accountants' audit report included in the Form 10-K for the year ended December 31, 2008 includes a substantial doubt paragraph regarding the Company's ability to continue as a going concern.
The accompanying financial statements have been prepared assuming that the Company will continue as a going concern which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. However, the ability of the Company to continue as a going concern on a longer-term basis will be dependent upon its ability to generate sufficient cash flow from operations to meet its obligations on a timely basis, to retain its current financing, to obtain additional financing, and ultimately attain profitability.
Our current cash flow will not be sufficient to maintain our capital requirements for the next twelve months. Accordingly, the Company will need to continue raising capital through either debt or equity instruments. The Company believes it will need to raise additional capital to continue executing the business plan. Whereas the Company has been successful in the past in raising capital, no assurance can be given that these sources of financing will continue to be available to us and/or that demand for our equity/debt instruments will be sufficient to meet our capital needs, or that financing will be available on terms favorable to the Company. The financial statements do not include any adjustments relating to the recoverability and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.....
