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Microcap & Penny Stocks : VLVT (was CSMA) -- Ignore unavailable to you. Want to Upgrade?

To: Thu Ra Tin who wrote (481)	11/15/1997 5:49:00 AM
From: Steven Durrington	Read Replies (1) \| Respond to of 11708

I've got a question that David Smith might be able to answer :- I'm trying to figure out how CSMA is likely to report only a modest 4th quarter profit after selling off a $250,000,000 property for cash and shares. I realise that the amount they sold it for is probably far less than this, but even at 10% of it's value, it's a significant chunk and represents about $2 per CSMA share. Does the answer lie in the fact that the payment will occur over 8 months, and that only a small amount of the realized profits will be booked to the 4th quarter ? Does this mean that we have bigger and better things to look forward to when the balance of payment comes through ? Is Dec 1st gonna be an early Christmas ? Regards, Durro