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Microcap & Penny Stocks : Syncronys Softcorp (SYCR) -- Ignore unavailable to you. Want to Upgrade?

To: Sye Walsh who wrote (27098)2/20/1998 12:34:00 PM
From: Freddie Forte  Respond to of 30240
 
Sye...I have been wondering the same thing. They report, under current liabilities, that deferred revenue is 201,939. Jimily is purporting that SYCR has 4 million in reserves or deferred revenue. Shouldn't this show up on the balance sheet ?



To: Sye Walsh who wrote (27098)2/23/1998 2:01:00 AM
From: Jimily  Respond to of 30240
 
Looked at the operations statement and balance sheet and can't find reserves .. Again, I'm not an accountant and don't understand why reserves are not shown.. I have not seen any accounting notes since FY 97 year end.. RP advised that revenues for 2nd Q were deferred.. Could that mean that they waited for the Q to end prior to posting ? Sent additional info pvt. e-mail.. Still checking..


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