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Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.
Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.
Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?
You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.
If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.
Home / Markets / Industries / Technology
Friday, July 18, 2008
DIAGNOS Retains the Services of Daniel Courtney for its Investor Relations Activities and Announces Option Grants
Comtex
BROSSARD, QUEBEC, Jul 18, 2008 (MARKET WIRE via COMTEX) ----DIAGNOS inc. ("DIAGNOS" or the "Corporation") (TSX VENTURE: ADK), a leader in the use of artificial intelligence ("AI") and advanced knowledge extraction techniques, announced today that it has retained the services of Mr Daniel Courtney to handle its investor relations activities.
Based in Ontario, Mr Courtney is a specialist in Investor Relations, and increasing the visibility of small and micro cap companies in Canada.
"We are pleased to announce that we have selected Mr Courtney to strengthen DIAGNOS' profile in the financial community. We believe that he will enhance the Company's visibility, thanks to its investor relations strategies and methodology," noted Mr. Andre Larente, Chairman and CEO of DIAGNOS.
The service contract is for six (6) months for a monthly retainer of $5,000 for a total cost of $30,000. Furthermore, on June 30, 2008, the Board of Directors has approved a grant of 50,000 stock options to Mr Courtney, under the terms of the share stock option plan of the Corporation approved by the Shareholders in September 2007. The exercise price has been established at $0.63 per share. The expiry date where these options can be exercised has been fixed to June 29, 2013.
Also, on July 10, 2008, the Board of Directors has approved a grant of 100,000 stock options to Mr Pierre-Georges Roy, as Director. The exercise price has been established at $0.63 per share. The expiry date where these options can be exercised has been fixed to July 9, 2013.
DIAGNOS can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, mathematics, information technology, as well as remote sensing and image interpretation. The Corporation's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies. For further information, please visit our Website at www.diagnos.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: DIAGNOS inc. Andre Larente Chairman and CEO 450-678-8882, ext. 224 alarente@diagnos.com
SOURCE: Diagnos Inc.
mailto:alarente@diagnos.com
Copyright 2008 Market Wire, All rights reserved.
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