Carroll shelby international announces 2007 results

[65SC]

Released 5/18/2010, wonder what those books looks like today :reading:

LOS ANGELES – May 17, 2010 – Carroll Shelby International, Inc., (OTC: CSBI.PK) announced today the results of its 2007 fiscal year. The audited results show that the company earned $6,649,153 on revenues of $72,164,939, or $.20 per fully diluted share or $.45 per basic share, for the year ended December 31, 2007.

http://www.shelbyautos.com/news.asp?id=52

[Joe G]

:haha:


Nothing like being 3 years late to the party. :doh2:

[HSURB]

How can they be publicly traded and just now be releasing 2007 results?

HSURB®

[Joe G]

How can they be publicly traded and just now be releasing 2007 results?

HSURB®

They were delisted and forced to go to the pinks/OTC.

[65SC]

CSBI Historical Prices

http://finance.yahoo.com/q/hp?s=CSBI.PK&a=06&b=31&c=2003&d=05&e=29&f=2010&g=w

[Shlbylvr]

:haha:


Nothing like being 3 years late to the party. :doh2:

:ohsnap:


How can they be publicly traded and just now be releasing 2007 results?

HSURB®

those were my thoughts.. Like 3.5 years too late..

[Alloy Dave]

How can they be publicly traded and just now be releasing 2007 results?

HSURB®
What Joe said.

[Joe G]

What Joe said.

:woohoo:


I was right. I was right!!

[68fastback]

CSBI Historical Prices

http://finance.yahoo.com/q/hp?s=CSBI.PK&a=06&b=31&c=2003&d=05&e=29&f=2010&g=w

...that's about the classic definition of "going sideways"

[Johnny Dangerously]

:woohoo:


I was right. I was right!!
Quick! Get Deb!


`

[Black Vert SS]

It took that long to grab the brass ring

[Joe G]

It took that long to grab the brass ring

:haha:

[HSURB]

It took that long to grab the brass ring

I heard when she actually got ahold of it . . . it ripped her clear out of the drivers seat and threw her to the curb. :haha:

HSURB®

[Black Vert SS]

I heard when she actually got ahold of it . . . it ripped her clear out of the drivers seat and threw her to the curb. :haha:

HSURB®

OH. the poor curb!

[68fastback]

...now she's recuperating in the Swan :giggle:

[Vette Killer]

Released 5/18/2010, wonder what those books looks like today :reading:

LOS ANGELES – May 17, 2010 – Carroll Shelby International, Inc., (OTC: CSBI.PK) announced today the results of its 2007 fiscal year. The audited results show that the company earned $6,649,153 on revenues of $72,164,939, or $.20 per fully diluted share or $.45 per basic share, for the year ended December 31, 2007.

http://www.shelbyautos.com/news.asp?id=52

Pretty sad they could only pull 9.2% EBIT in the good years....their GP erosion is brutal, I would be looking for a job if that was the results in my divisions....oh wait, Amy is looking for a job....lmao

[Birdman]

It took that long to grab the brass ring

:haha:

[68fastback]

This paragraph is interesting:

“This is a great step toward fiscal transparency to our Shareholders,” explained Keith Belair, Shelby CFO. “During the early days of Sarbanes-Oxley, companies found that the cost to comply with the new rules was about ten times more than it was previously. Small market cap companies were required to spend more, as a percentage of free cash flow or net income as were the giants such as GM or IBM, on compliance. The Board of Director’s of Shelby made a strategic decision to spend profits on product and brand development, while maintaining the financial health of the company instead of filing and compliance costs.”

Is it fiscal transparancy when it takes three years to issue financial statements?

A close friend of mine has been involved with Sarbanes-Oxley (in his private consultancy business, as an independent S-O auditor, and as a corporate auditor) and he regularly tells me stories about such nonsensical rationalizations. However, rarely do you see such BS statements in print ...like we made a "strategic decision" ...yada yada.

More likely they pushed off S-O work because they could and their practices were abysmal as they struggled to manage a re-emerging business with sub-par skills Done halfheartedly (just to 'comply' on paper) Sarbanes-Oxley is largely useless. Done in earnest to uncover exposures and insulate the business from potential damage, it has real net merit.

Why do I strongly suspect that if they were audited today they'd abysmally fail?

[Joe G]

Why do I strongly suspect that if they were audited today they'd abysmally fail?


Because you're him?


http://blogs.dallasobserver.com/sportatorium/Carnac.jpg

[Little Debbie]

:giggle:

[KC BadCat]

...and just what is their business plan/model now??????????........nothing seems to be unique other than the ability to attach a man's name and/or signature to the product.....that only goes so far until the money paying market is quite saturated......hard to see how they can survive in this type of economy.....plus once CS is no longer available for involvement because of illness, etc..........there will be the ultimate drop in business.........can you just see it now??? ad......this is a product that we know CS would have approved of, so we went ahead and put his name on it...........doesn't sound quite right!!!!!!!!!! ....if this was TS, I would now put on my flame suit for about a zillion pages of personal insults, etc.....gosh......I love it here by comparison...............the ability to communicate honestly is priceless.

[Birdman]

...and just what is their business plan/model now??????????........nothing seems to be unique other than the ability to attach a man's name and/or signature to the product.....that only goes so far until the money paying market is quite saturated......hard to see how they can survive in this type of economy.....plus once CS is no longer available for involvement because of illness, etc..........there will be the ultimate drop in business.........can you just see it now??? ad......this is a product that we know CS would have approved of, so we went ahead and put his name on it...........doesn't sound quite right!!!!!!!!!! ....if this was TS, I would now put on my flame suit for about a zillion pages of personal insults, etc.....gosh......I love it here by comparison...............the ability to communicate honestly is priceless.


Nice isn't it John...and we welcome your thoughts and opinions too! :yes: (as long as they agree with ours)

[Orf]

Nice isn't it John...and we welcome your thoughts and opinions too! :yes: (as long as they agree with ours)

Amy?

Is that you?

[68fastback]

:hilarious:

[68fastback]

Because you're him?


http://blogs.dallasobserver.com/sportatorium/Carnac.jpg

[envelope:] Cronkite

Carnak: Wht do you call a follower of Walter Cronk?



:haha:

[Joe G]

:groan:









:giggle:

[68fastback]

I remember that one like it was yesterday...

another...

[envelope:] Abba Eben

What sound does it make when Ed McMahon slowly drops his tighty-whities


:haha: