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Microcap & Penny Stocks : Centura Software Corporation (NASDAQ:CNTR)
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To: Veiko Herne who wrote (2152)1/15/1998 6:14:00 PM
From: David Miller  Read Replies (1) of 2428
 
Veiko, there are a couple of subtleties here.

1. Profit. Two points here. Because of the deferred revenue that exists in Centura's balance sheet - approximately nine months worth of service-related revenues - Centura could conceivably make another couple of quarters consecutive profit, and still bleed cash.

Also, don't forget that profit itself is not strictly necessary for short-term survival, so long as the company trades cash-positive - it's just the difference between watching the bank account, and recording other stuff in the profit and loss statement

2. Loans. Loans will not improve the company's capital position, which is the other leg of the financial nutcracker Centura is in.

3. There is unlikely to be a public placement at current levels, not least because the current shareholders are under water (in the last balance sheet) to the tune of $11m.

david
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