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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security
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To: Glen Abbey who wrote (968)6/22/1998 11:34:00 AM
From: TLWatson59  Read Replies (2) of 2534
 
To Each His own: Some see the glass as half full others as half empty. Half full I can understand - half empty is and always has been an oxymoron.

Very standard accounting procedure to invest,as you say they have, $3 million in R&D and carry not one dime of it or it's resulting software as an asset. Or didn't you really bother to read the balance Sheet dated March 31, 1998. Perhaps you also missed this from the notes to the six months financials: "It is anticipated that the cash received by the company will be accounted for under the provisions of the "Emerging Issues Task Force, 88-18: Sales of Future Revenues " (EITF 88-18). IT IS EXPECTED THAT THE OWNERS AND NET REVENUE ALLOCATED TO THE BUYERS WILL NOT BE SUFFICIENT TO SERVICE THE NOTE RECEIVABLE PRINCIPLE AND INTEREST PAYMENTS DUE TO THE COMPANY AND AS SUCH THE NOTE WILL NOT BE RECORDED."

Maybe that's why cash that isn't there isn't recorded on balance sheets. Maybe that's why sales of U.S. & Canadien rights for $1.3 million CF result in a net of $750,000 CF after a very sweet $550, 000 CF finders fee to unnamed individuals is not reflected on the balance sheet.

If your contention is so, where is the offset reflected in some form of value. What you cite is nothing more than a balancing bookkeeping entry to account for the inflated value of services so called rendered or in lieu of cash paid as salaries. Good try but no cigar.

As is usually the case it will eventually all come out in the wash.

Hang on tight it could be a bumby ride.
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