Texan Starlift - Info Hub

[Warhawk]

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INCOMING TRANSMISSION

To: Sirius Commercial Network
From: Texan Starlift HQ, Planet Houston - Texas System
Subject: Weekly Financial Report

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Company Financial Report
for October 13-19, 826 A.S.

Income Statement - Haulage Report - Stockholders' Equity - Balance Sheet - Stock Report



Board of Directors' Report

Over the past week, Texan Starlift Incorporated made its presence in the industry known, hauling almost 185,000 tons of cargo, generating some $365 million in revenues and successfully selling 300,000 shares to the public. This investment was well made, given that the company nearly quadrupled its value. It was the decision of the Board to split the stock two-for-one, resting at a current share price of $104 SC. At this time there remain 400,000 unclaimed shares, with 4 million shares outstanding.

The Board cautions investors that this surge of activity came at great personal cost to company employees and equipment, being performed entirely by a single ship and its primary and reserve crews. In addition, wholly 75% of gross revenues were earned in the pursuit of third-party shipping contracts. This record performance is unlikely to be met, let alone surpassed, in the foreseeable future. The majority of the company's book value (91%) is in liquid cash, and it is expected that the necessary purchase of assets such as additional ships and equipment will incur depreciation costs that will cause the next period's revenues to break even or cause a net loss, depending on circumstances. The Chairman has confirmed that no speculative enterprises are on the table for the time being, although he is very much aware of the excess liquidity and will be exploring options.

As per the IPO and previous announcement, a $5 SC per share dividend has been issued to all existing shareholders. Given the two-for-one split, but also considering the revenue potential of future operations, the Chairman has authorized an increase of the dividend from $2.50 to $3 SC.

A Word from the Chairman

"Well howdy, everyone! And might I add, thank y'all very kindly for your support over the past few weeks. I reckon none a' this would be possible were it not fer the hard work of our crews, the good tidin's from our clients an' the free, fresh air of the country we all know 'n love.

Now I don't think I need t'mention how amazin' the past two weeks have been, or that we're all drier 'n a tumbleweed after workin' all our fingers to the bone. In fact I'm orderin' most of the staff to go on a week's break just 'cause. Now don't you investor fellas worry, 'cause we'll be back in the thick of it right soon. But these boys an' gals deserve it, don't ya think?

There's still plenty a' work left to be done, an' you can bet we'll do it, too. So jest sit tight an' enjoy the view.

'Till next time. Ya'll have a real fine day, now."

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