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Technology Stocks : CYOE / Diana Corp. Why has the SEC not halted this pig? -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (217)	6/29/1999 7:05:00 PM
From: TheLineMan	Read Replies (1) \| Respond to of 242

From their NT filing: The Company expects to report revenues of approximately $43 million and a net loss of approximately $14 million for the fiscal year ended March 31, 1999. From what I gather of the last earnings report they lost $6.7 mil in the first 9 months on revs of $35.3 mil. "Revenues for the nine months ended December 31, 1998, were $35.3 million,.......... The net loss for the nine months of fiscal 1999 was $6.7 million" Looks like they sold less than $8mil in the last quarter and lost about the same. If my numbers are right. Also from the last quarter: "Company has conservatively deferred recognition of the profit of $3.7 million attributable to this sale, until payment is received or all contingencies are removed." If they were able to realize the above the earnings for that sale in the last quarter, losses would be closer to $11-12 million - no?