Annual Report out today
http://biz.yahoo.com/e/070417/trnp.ob10ksb.html (http://biz.yahoo.com/e/070417/trnp.ob10ksb.html)
QuoteOur cash flows for the periods are summarized below:
Year ended Year ended
December 31, 2006 December 31, 2005
Net cash provided by (used in) operating activities $ 146,119 $ (50,074 )
Net cash provided by (used in) investing activities 599,635 (172,405 )
Net cash provided by financing activities (68,812 ) 274,804
Our cash increased by $676,942 since December 31, 2005.
Management believes the Company has adequate working capital and cash to be provided from operating activities to fund current levels of operations. We anticipate that our company will grow. As our business grows we believe that we will have to raise additional capital in the private debt and/or public equity markets to fund our investments. We could also potentially realize proceeds from our shelf registration statement.
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Is this a turnaround or a turn around and grab the lube?