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

To: Jatin Kadakia who wrote (2302)	2/20/1998 2:49:00 PM
From: Shivram Hala	Read Replies (1) \| Respond to of 2428

> I believe they will have to issue new shares from the treasury. I am > sure total shares are a lot more than the outstanding. Deep down I > expected that this would be their only alternative but dilution will > have serious effect on future EPS. I would like to hear their > comment regarding this. 15.8m with 11.5m outstanding. They definitely will have to issue more shares or am I missing something. I'm surprised that the shares are trading higher. EPS will have to be revised and the effect will be dilutive. > Robert, Stock price need to be above 1 dollar to remain listed > and not 2, if I am not mistaken. That where I made my mistake else I'd have held this one a little longer. But it's ok. I'd have gotten a few $100 more. > Also, I would like to know when this transaction will take > place (settling with CA). Whenever it comes up .. in may, I think. I don't have the details and nobody has provided it. I think CA has the option to convert it to common shares at $3 a share which i don't see happening. Or is it that CNTRC has the first option to repay them. > OT. Glad that FIBR did not get beat with CIEN. I was kind of > worried last night that CIEN may take FIBR down with it. Appears > that CIEN's problems are their own and not industry wide. Also, are I'm glad too. I took a small postion just under 5. CIEN is one where I missed the bus and instead jumped onto SHVA. I watched CIEN between 18 and 20 and saw it go all the way. I didn't have the resorces and I didn't know anything about options and wasn't smart to open a margin account. Anyway, hindsight is always 20/20 :) > you going to jump in to CNTRC now or wait till Wash rule or never? I > have an order to sell my 1 13/32 shares at 1-3/4 for today. I was > hoping for a quick bounce earlier in the day but did not happen. See > what smart money does at the end of trading day. I see the price going down to $1 (if they anounce the issuing of new shares). I might jump in later after the 30 days if the shares are trading where I expect them to. I'm just not happy to see this baby go down on me (NO innuendos) :) What do you think of AINN, VNWK? Shiv.

To: Jatin Kadakia who wrote (2302)	2/21/1998 8:46:00 PM
From: David Miller	Read Replies (1) \| Respond to of 2428

I would like to know when this transaction will take place (settling with CA) From the tone of the whole announcement, it has to be pretty soon - I would guess that they need the debt to be turned into equity before NASDAQ has a look into their books at the end of the week. This was quite a stellar effort. I had discounted a debt/equity swap on the basis that since it was CA's debt, they would simply "take the company". Although I suppose it does give some idea exactly how much appeal Centura's technology has for CA.... It's certainly a considerable gamble for the new investors. The business plan must be very impressive. david