NEIK 2012 1st quarter financials were compared to the 4th

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MicroCapStocksRock Pharaoh #3684

[b]NEIK[/b] 2012 1st quarter financials were compared to the 4th quarter 2011 financials

http://www.otcmarkets.com/edgar/GetFilingHtml...ID=8642732

2011 Q4 assets = $551,000

2012 Q1 assets = $1,507,000

 173% Increase in Assets

2011 Q4 liabilities = $6,482,000

2012 Q1 liabilities = $3,246,000

50% Decrease in Liabilities

2011 Q4 Shareholders Deficit = $5,931,000

2012 Q1 Shareholders Deficit = $1,739,000

70% Decrease in Shareholders Deficit

Looks like Dr. Wilson Russell is turning the Northstar ship around very nicely and now adding acquisitions to improve revenues and net income. My opinion is we have a strong buy at these levels and a move back up to a more respectable market cap is in process nicely ! From what I understand more assets will be added on Q2 from Echotec acquisition and roughly $350,000 from the closing of NNL.

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