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Microcap & Penny Stocks : Centura Software Corporation (NASDAQ:CNTR) -- Ignore unavailable to you. Want to Upgrade?

To: Shinie who wrote (1947)	11/17/1997 12:35:00 PM
From: Shinie	Respond to of 2428

Excerpts from 10-Q: ...... "As of November 13, 1997, the Company did not meet the Minimum Market Capitalization Requirement as set forth in the CA Agreement. Since mid 1996, the Company has been engaged in a series of ongoing discussions, correspondence, hearings and appeals with NASD officials in connection with its continued listing on the Nasdaq National Market and its failure to comply with certain Nasdaq minimum net worth requirements. The Company will need to raise additional equity financing to meet these requirements. Although the Company is taking full advantage of the Nasdaq hearing and appeals process, there can be no assurance that the Company will be able to satisfy such requirements, and that the Company will not be delisted for continued noncompliance with these requirements. Such delisting would have a material adverse effect on the price of the Company's Common Stock and the levels of liquidity currently available to shareholders on the Nasdaq National Market. Additional financing will be required to meet NASDAQ minimum net worth requirements, fund continuing operations, as well as, to pay the unsecured floating rate convertible subordinated note and related outstanding interest with CA. The Company's capital requirements also may be affected by acquisitions of businesses, products and technologies that are complementary to the Company's business, which the Company considers from time to time. The Company regularly evaluates such opportunities. Any such transaction, if consummated, may further reduce the Company's working capital or require the issuance of equity." ......