RE: RE: Quarterly Report Coming SoonNet profit should not be confused with capital repayment. I have to agree with Rich that there are inconsistencies between the financial reporting between Anaconda and New Island Resources. Anaconda reported a net income of $406,000 at the end of August whereas New Island Resources reported approx $25,000 per month for July, August and September.
Quarterly reports should be out soon, so why don't we all pay special attention for any inconsistencies in the financial reporting. Such financial reporting inconsistencies should be reported to the Securities Commissions
for appropriate action.
Quote from Anaconda:
Consolidated net income for the first quarter and three months ended August 31, 2009 was approximately $406,000 or
.01 per basic share or
.00 per fully-diluted share basis.