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Microcap & Penny Stocks : ACRT about to move to new highs
ACRT 0.110-7.6%Dec 30 4:00 PM EST

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To: Goulds who wrote (2828)3/9/1998 12:19:00 PM
From: Dan Packer  Read Replies (2) of 7054
 
Tell me about their bank balances: In the 10K Actrade records $7,352,465.00 as total cash. Under footnote #9 - Financial instruments with off-balance-sheet risk, they record an UNINSURED bank balance of $7,111,939.00 on the Grand Cayman Island.

Please explain why ALL of their CASH is off-shore and UNINSURED.

Dan
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