NEIK 2012 1st quarter financials were compared to
Post# of 53479
NEIK 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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