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Technology Stocks : TouchStone S/W (TSSW)

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To: David Alan Cook who wrote (2675)5/27/1999 6:49:00 PM
From: Sunny Halsted  Read Replies (2) of 3627
 
David--

This looks real dicey to me--for the 1st time the current liabilities exceed the current assets by $500,000, and if you exclude the 'goodwill' [which to me is nothing more than some accountant creating $6.3 million of of thin air] the stockholder equity is a deficit of $500,000. It appears to me that a lot of money has evaporated from a company that not long ago had stockholder equity of about $8 million without any self created goodwill that I recall.

Sunny
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