According to SEC filings, Tank Sports (TNSP.OB) reported in its 10K Annual Report net losses of $207 million in 2006 and $249 million in 2007, year ended 02/28/07.
In their SEC filings, Tank Sports (TNSP.OB) reported in the first quarter ended 05/31/07, net income of $60,000 in 2006 and a $355,000 net loss in 2007 of which $213,660 resulted from the acquisition of Redcat Motors. Of particular interest is Tank Sports (TNSP.OB) Cash Flow Statements. For the first quarter ended 05/31/07, Tank Sports reported positive Cash Flow from Operations of $1.8 million. However, $2.1 million of that was attributed to changes in working capital which are related to balance sheet...
