Star Technology STRR Message Board

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Microcap & Penny Stocks : Star Technology STRR

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To: Arthur Tang who wrote (710)	5/19/1998 3:12:00 PM
From: Arthur Tang	Read Replies (1) of 872

Balance sheet shows: Stockholders equity $3 million. Good will $2.6 million. Another loss of $400,000 and the equity is all good will. You couldn't eat good will. Severe bloodshed has to be stop immediately, since STRR has no deep pockets. Surplus cash was spent buying back part of General Electric preferred stock. Cash is $4,000. Accounts payable is $906,000+. Accrued salary is $140,000. Accounts Receivable is only $453,000, which is too low for the next 30 days. STRR is not paying bills on time, already. Spending too much and head count is too high. Severe cut back is the first thing to do. Then financial planning can be done. Otherwise, all the new money is like fresh flower put on cow manure. Income analysis is no longer important, cutting back is here and now.

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