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Non-Tech : Below Book Value (Or Better Yet Cash Value)
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To: chalu2 who started this subject9/6/2000 9:34:25 PM
From: rjm2  Read Replies (1) of 24
 
CRTN trades above cash value. Rarely trades but today traded 25,000. Something might be about to give. Past results have been bad (losing about 4 cents a quarter last two quarters) & next quarter should be out in a week or so. The spead on this thing is HUGE which makes me think nobody would be paying up unless perhaps they knew something. (Or dont know what they are doing)

CERTRON CORP (OTCBB:CRTN)
U.S. markets currently closed.

Time Price Volume Exchange Info
15:59:56 0.390 5000 OTCBB at Ask
15:59:54 0.390 5000 OTCBB at Ask
12:39:53 0.400 5000 OTCBB
12:39:50 0.400 5000 OTCBB
12:39:19 0.400 5000 OTCBB
12:39:03 0.400 100 OTCBB
N/A N/A N/A OTCBB
N/A N/A N/A OTCBB
Interesting that it traded at 39 cents. i believe I had a limit order to sell some at 40 cents which it appears NITE went around.

Book value is 87.9 cents
Net current assets = 76.6 cents
Cash = 53.74 cents
Net cash= 40.63 cents.

One looming liability..."NOTE E - SUBSEQUENT EVENTS

The Company has been notified by a letter dated June 2, 2000 received June 6,
2000 that the Company may have a potential liability from waste disposal in the
Casmilia Disposal Site at Santa Barbara County, California and has been
requested to sign an agreement tolling the statue of limitation.

Currently, Certron Corporation is unable to estimate the costs that may be
required to settle this matter and the amount is not expected to be material.
The financial statement of April 30, 2000 does not reflect a reserve for the
potential expenditure. The company is investigating the matter."
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