ACRT about to move to new highs Message Board

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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: John Chew who wrote (3949)	3/21/1998 4:53:00 PM
From: Doug R	Read Replies (3) of 7054

John, Just some info for the less moronic here: The accounting method that the they are using is SFAS 109. This method "accounts for income taxes using the deferred method, required by APB-11 to the asset/liability method, commonly referred to as the liability method. The deferred method places primary emphasis on the matching of revenues and expenses. The liability method places primary emphasis on the valuation of current and deferred tax assets and liabilities." This acceptable accounting method is what some claim results in the books being "cooked". APB-11 is an SEC rule. The accounting used by ACRT follows SEC guidelines. From a letter sent me by an acquaintance who doesn't know this thread and probably could care less about anyone else's "version" of the co.: Another thing that is interesting about ACRT is that they take no risk, similarly to APCO. They either sell the TADs or buy insurance from a third party. As of the end of last year, ACRT sold or assigned all of their TADs worth about $5mil. to Banco Portugese De Atlantico. I think that the sale to a third party or insurance by a third party further validates ACRT's practices. Doug R

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