THE NEW PNC TELECOM

Can I assume daniel333 that your attempt to change the subject is an admission that you finally accept the error in your claim? To recap you posted


PTC are currantly making a profit of some £250,000 every six weeks thist revenue stream is increasing period on period, this is over £4million annual and has well over £2million cash in the bank. These facts are undisputable.

To which I responded:

These are not "facts", they are inaccurate comments and hence they are "disputable". I will dispute them now and in doing so will provide appropriate evidence to back this up. Firstly the interim accounts:



These note: "In the six weeks to 28 October 2005 the Company's unaudited management records show that sales amounted to GBP 4.885 million which generated a gross profit in excess of GBP 215,000, up approx 32% on the previous six week period."

So to begin with these accounts show that your £250k number is inaccurate. However, note that this profit is "gross", ie before admin expenses, these were £465k for the year to 31 March 2005, which is a typical amount to expect. But these figures are further distorted since they include a recovery of directors fees and in addition they are pre-tax. Hence all in all daniel333 your figures are worse than useless.


A simple "yes" or "no" is all that's required, do you now finally accept that your "PTC are currantly making a profit of some £250,000 every six weeks" claim is false?

regards

JakNife