ALYA Cost cutting system via software as well as security Message Board

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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)	7/23/1998 1:06:00 PM
From: TLWatson59	of 2534

The six months statement (unaudited) shows no such cash flow or investment in R & D of such magnitude. It does show compensation in the form of stock issuance with the excess above what they consider fair market value being credited to Capital. While it would have been more liberal accounting practice to carry R & D investment on the balance as a depreciable asset, if the end product were so valuable, it would have been justified and offered a far more advantageous balance sheet position. This is especially so since the company has to feed itself with hand to mouth exempt stock placements the full terms of which have never been publicly defined. Asking the fox guarding the hen house what happened to the chicken is not my idea of real DD. As a more intelligent comment reflected, let's wait and see what happens. Good try no cigar.

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