3SOF

Thursday November 8, 8:00 am ET
Silverstar's Empire Interactive Introduces "FlatOut: Head On" for Sony's PSP

SSTR keeps deeping a little more everyday.  I don't understand how this news didn't help turn it up.

Did I miss something?

SILVERSTAR HOLDINGS LTD Files SEC form 10-Q, Quarterly Report

Highlight:
Net Loss

We have recognized a net loss of $4,447,000 during first quarter fiscal 2008 compared to a net loss of $941,000 during the same comparable quarter in the previous year. Significant items that contributed to the increased loss included an increase in operating losses of $3,452,000 in the first quarter of fiscal 2008 that was due to losses by Empire of 3,389,000 as compared to $573,000 in the comparable quarter in the previous fiscal year which only included Strategy First. The major component of this operating loss was amortization of $2,701,000 of which $2,660,000 was Empire's amortization which included $2,070,000 of intangible amortization. There was non-cash stock compensation of $102,000 as well as non-cash amortization of debenture issuance costs of $431,000. Operating EBITDA loss was, after adding back depreciation, amortization and non-cash compensation amounted to a loss of $1,190,000.