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Microcap & Penny Stocks : Centura Software Corporation (NASDAQ:CNTR)

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To: Jack M. Moriss who wrote (2182)	1/23/1998 4:12:00 PM
From: David Miller	Read Replies (1) of 2428

Any ideas on what can be done realisticly and quickly to meet Nasdaq Small Cap requirements ? You raise money by selling something. They have a couple of assets. One is a support and maintenance revenue stream. The other is SQLBase, which has already effectively been mortgaged to CA. I would include SQLWindows and its successors, heirs and assigns, only I can't see anybody in 1998 actually buying a new licence for the product, now that Earl has gone. CA will probably "buy" SQLBase and its support-and-maintenance revenue stream to square the debt - I doubt that they would need to put up additional funds to do this - which effectively leaves The SQLWindows maintenance base. If I was buying, I would probably value it at around 0.5 to 0.7 of revenue, as it would form a good basis for i) "trailing-edge" project and consultancy to customers who just want "one more app", and ii) a sound prospect database for sales of products that will be around just a little longer. I haven't done my sums on this, but I don't think it will be enough. david

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