Here is the newsletter, available to public.
Summary: Great increase in Revs, decreasing losses, but still losing a ton of money. As you can see they are trying raise additional financing now. Times are tough, so this should be interesting if they can pull it off or not. (I can provided some guarded comments, but only in private.)
From: Mandrakesoft team <[EMAIL PROTECTED]>ApecTec Inc.
To: [EMAIL PROTECTED]
Subject: Mandrakesoft Shareholder Newsletter - Yearly Financial Summary
Date: Fri, 6 Dec 2002 22:39:41 +0100 (CET)
---------------------
You are receiving this newsletter because you have registered on the
MandrakeSoft website to receive financial news. To be removed from this
mailing list, please see the bottom of this page for instructions.
---------------------
MandrakeSoft's Yearly Financial Summary for 2001/2002.
-----------------------------------------------------
MandrakeSoft has released its annual financial summary for the 2001/2002
fiscal year. The results show a 31% increase in revenue plus massive
reductions in operating losses. These positive results have been achieved
in a difficult economic climate when most of the computing industry -
including Linux companies - face a decrease in sales.
The complete announcement, including timeline charts and a short analysis, is available online at:
http://www.mandrakesoft.com/company/investors/newsletter/sn021206
This good news should enable MandrakeSoft to close the Increase of Capital sooner than expected (which is currently still open to subscribers).
We look forward to answering any questions you may have about you may have about these figures and the increase of capital. Please feel free to contact me directly ([EMAIL PROTECTED]).
Regards,
Jacques Le Marois.
Chairman and President
www.apectec.com
email: [EMAIL PROTECTED]
Phone: (403) 685 1888
Fax: (403) 685 1880
