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Technology Stocks : GX Investors Thread
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To: BWAC who wrote (65)8/22/2001 7:27:41 AM
From: Ally  Read Replies (2) of 586
 
BWAC, I think throwing down a ton of complicated accounting notes may cause even more concern and confusion to readers than my little "yikes". But no need to worry, what we write here have no impact on the stock price... remember all the cheerleading on the previous thread and yet the stock tumbled down from $60 to $5?

My point is ...the inclusive of deferred revenue in current liabilities is an interesting disclosure. No, I don't think it should be interpreted as "standard accounting" simplistic apportionment of deferred revenue between a year time frame and longer. It looks more like "refundable deposit" of capacity contracts where ownership has not been transferred to purchaser. If so, it would explain the inclusion of a deferred revenue item in current liabilities.... indeed, cash payable (or likelihood) within a year.

Which brings up a question... have you cast an auditor's eye on the issue of liquidity? If we can eliminate the world's concern on the likelihood of an auditor's ongoing concern note, it may do wonders for the stock price.
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