Forecross Corporation : Y/2000 Message Board

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Technology Stocks : Forecross Corporation : Y/2000

FRXX 0.000400

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Mar 7 3:00 PM EST

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To: Rick Voteau who wrote (849)	4/8/1998 4:15:00 PM
From: Richard Moore	Read Replies (2) of 1654

Facts vs. Falsehoods ... the financials referred to in my earlier message came from Forecross' own website. The auditors report, which is the first page in the audited financial statements in the company's annual report, says -and I quote "..the company has sustained recurring losses from operations and has net capital deficiencies and negative working capital at September 30,1997. These conditions raise substantial doubt about the ability of the company to continue as a going concern." This is known a going concern qualification. Where do you come up with your speculation that there is NO MENTION about Forecross not being an ongoing concern? The amount of current liabilities, the fact that all the receivables have been factored and they are borrowing from officers at 24% is all disclosed in the financial statements. Please tell me what is false? These are the facts - not speculation. Re Steve's message which followed re: the uninformed falsehoods How can you say the accounting is conservative when they have recognized sales to distributors who are related - look at their balance sheet - over two thirds of the company's assets are referred to as - unbilled receivables - UNBILLED!!!. Is it conservative to recognize unbilled receivables and sales to related parties who are distributors? Again, the facts are as said in note 4 to Forecross' financials - I quote: "the distributors are related to each other through some common ownership in management, a founding shareholder of the company is a founding investor and officer of each of the entities" My comments seem to have caused a stir. The facts are: the company has a huge cash problem and may not make it through the month. The product may be excellent, but the company is not. If you have facts - not speculation - that are different - let's hear about it. My advice is to take your profits now and move on.

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