Skypeople Fruit Juice (NASDAQ:SPU)

GeoProfile
Overview
GeoResearch
Message Board
Alerts Log
GeoWire Log
Third party data
Quote
Level II
Historical Prices
Options
Profile
Financials
Charts
News
Filings
Insiders

Do you represent this company?

Learn how we can help increase your exposure to investors.

All Research Analyst Reports Auditor trail CFO Trail Comments & Business Outlook Company Rebuttal Conference Call Notes Deal Flow Financial Target Agreements GeoSpecial Notes Interviews Investor Alert Investor Presentations Liquidity Requirements Seasonality Special Situations

Friday, February 6, 2009

Key financial targets in connection with a recent Private Placement.

In connection with the Share Exchange Transaction, on February 25, 2008, management entered into a 'make good agreement' and has placed 2,000,000 Shares of Series B Preferred Stock in escrow to secure its obligations to meet specific 'Earnings per Share' targets for 2007, 2008 and 2009. If the targets are not achieved, a number of shares derived from a formula will be transferred pro-rata to the investors in the private placement.

Financial Targets:

	Pre-Tax Net Income Targets	**Pre-Tax Net Income Targets in Dollars
December 31, 2007	* RMB 67,400,000	$9,850,000
December 31, 2008	RMB 84,924,000	$12,420,000
December 31, 2009	RMB 107,004,240	$15,650,000

*In 2007 the company satisfied it's target as it reported pre-tax income of RMB 68,939,855 ($9,066,064)

**The GeoTeam® used current exchange rates. The make good targets do not apply to Dollars. The dollar conversion is only shown for informational purposes.

Source: SEC Form 424B3 (February 6, 2009)

GeoTeam® Adjustment:

Financial Targets Utilizing After Tax Income, Assuming a Tax Rate of 36%:

	After Tax Income Targets	**After Tax Income Targets in Dollars	Implied EPS Using Fully Diluted Outstanding Shares
December 31, 2007	RMB 43,136,000	$6,304,000	$0.19
December 31, 2008	RMB 54,351,360	$7,948,800	$0.24
December 31, 2009	RMB 68,482,714	$10,016,000	$0.30

Adjusting 2007 actual financials for a Standard Tax Rate:

Net income: $6,890,209
EPS: $0.27

Permalink