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Microcap & Penny Stocks : Centura Software Corporation (NASDAQ:CNTR)
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To: Veiko Herne who wrote (1926)11/15/1997 7:59:00 PM
From: David Miller  Read Replies (1) of 2428
 
>>they are using pessimistic accounting: not showing income, before all the deliverys are made<<

That's not pessimistic accounting, that's the way it should be done according to most rules of revenue recognition. As I have said here before, it is not the revenue recognition issue that is of concern, just the cash.

>>Belive me, the cash situation are not so bad, as everybody here thinks.<<

Please give us some more background on this, Veiko. Looking at the last published numbers, there was a negative cashflow from operations and only $3m or so in the bank. You must have more information than the rest of us, to be able to make this reassurance.

david
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