SABRATEK CORP (SBTK) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : SABRATEK CORP (SBTK)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LTK007 who wrote (137)	6/15/1999 10:21:00 PM
From: mod	Read Replies (2) of 487

I read post 119 and see allegations from a sleazy class action law firm turning on the interpretation of "sales". GAAP is not written in stone, and is subject to interpretation over many issues. If SBTK's accountants allowed them to book sales, then in their opinion they were sales according to GAAP. Many companies extend terms to their customers, this is not an unusual business practice. Paying cash on delivery would be unusual. SBTK may have been creative at the end of their quarters, most companies are to some degree. But I don't see a smoking gun that is going to halt trading in SBTK. Maybe Pluvia will post the rest of the allegations soon, we'll see if there is anything more serious.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next