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LONGVIEW CAPITAL PARTNERS INCORPORATED
(formerly Longview Strategies Incorporated)
FOR THE NINE MONTH PERIOD ENDED SEPTEMBER 30, 2006
3
Summary of Quarterly Results
Three month period ended
September 30 - June 30 - March 31,2006 - December 31,2005
Total assets $ 36,896,837 - $ 22,193,287 - $ 17,711,870 - $ 9,009,387
Marketable securities 29,661,701 - 15,811,761 - 12,171,403 - 5,179,593
Investments 6,165,180 - 5,555,180- 5,384,000 - 3,584,000
Working capital 26,817,306 - 15,232,186 - 11,414,407 - 5,342,063
Shareholders’ equity 33,319,476 - 20,810,644- 16,800,286 - 8,926,063
Net income 7,365,953!!!!! - 1,147,875 - 5,862,523 - 2,777,925
Earnings per share 0.10 - 0.02 - 0.10 - 0.13
Three month period ended
September 30,2005 - June 30,2005 - March 31,2005 - December 31,2004
Total assets $ 5,519,096 - $ 356,002 - $ 307,711 - $ 312,783
Marketable securities - - - -
Investments 4,570,787 - - -
Working capital 859,018 - 245,757 - 286,464 - 307,034
Shareholders’ equity 5,429,805 - 265,717 - 286,454 - 307,034
Net loss (615,971) (20,747) (20,570) (12,733)
Loss per share (0.04) (0.00) (0.00) (0.01)
In the quarter ended September 30, 2006, the Company recorded net income of $7,365,953, primarily comprised of
unrealized gains of $7,015,839, realized gains of $2,849,693, operating costs of $657,781, stock-based compensation of $614,700 and an income tax provision of $1,621,843.
The comparative period ended September 30, 2005 had no operating revenue other than interest income of $940, total operating expenses of $206,861 and stock-based compensation of $410,050, for net loss of $615,971.
The amounts for stock-based compensation are non-cash entries calculated using the Black-Scholes option pricing model. The Company recognizes an expense for stock options granted, and a share issuance cost in respect of agents’ warrants and options issued in connection with private placements. During the current quarter, the Company’s investments responded favourably to continued market support for commodities in general. At the date of this report, not including its three executive officers, the
Company had ten full time employees and four part time employees.
In the quarter ended June 30, 2006, the Company recorded net income of $1,147,875, primarily comprised of realized gains of $2,309,840, an income tax provision of $829,067, consulting fees of $176,719 and stock-based compensation of $155,650. The comparative period ended June 30, 2005 had net operating expenses of $21,503.
Included in consulting fees was $120,000 paid to related parties. During the current quarter, international commodity markets eased and the public mining and exploration sectors had corresponding index declines of 10-20%. Accordingly, the unrealized gains of the Company in the three month period were only $191,019 compared to
$5,231,937 in the prior quarter. At period end, the Company had four full time employees, two part time employees and three executive officers, an addition of two full time and two part time employees from the prior quarter.
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