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To: rustyjack who wrote (7583)	5/1/1998 11:00:00 PM
From: C Wright	Respond to of 9262

[STRR] Ron... Well, you're not alone ... I too averaged down... Hope this isn't a case of fools rushing in... A treble clef or two, a tenor with verve and... walla... (Hey, who sang that song anyway? Ray, that's your forte, no?) (Please forgive, I'm pretty much musically illiterate. It's been a l-o-n-g day!) On to Monday ... and a contract with... the Pentagon! ... (There I go daydreaming again!) Have a great weekend everybody! Carol

To: rustyjack who wrote (7583)	5/1/1998 11:20:00 PM
From: Galirayo	Read Replies (2) \| Respond to of 9262

[ STRR ] Ron, Me too. Couldn't resist bought more. I know what you mean on the De-Listing issue. But for the Minimum Bid of $1.00 the have to be under for 30 Consecutive Days. Then they will have 90 more days to bring it to above $1.00 for 10 consecutive days. That takes it to Aug. [ Better Check My wording against the Real Rules because somewhere it says Consecutive BUSINESS Days ... which is meant to be confused with Calendar Days .. I think ] >>>>(B) A failure to meet the continued inclusion requirements for minimum bid price and market value of public float shall be determined to exist only if the deficiency for the applicable criterion continues for a period of 30 consecutive business days. Upon such failure, the issuer shall be notified promptly and shall have a period of 90 calendar days from such notification to achieve compliance with the applicable continued inclusion standard. Compliance can be achieved by meeting the applicable standard for a minimum of 10 consecutive business days during the 90 day compliance period. >>>> See Rule 4310. nasdaq.com I think that's do able. I think all my Scans will Kick the Issue out after they are below for 31 Calendar Days. The issue of 2 Mil Cash for Continued Listing. I think they will find it but Market Cap ... and Net Income ... also qualifies them to retain Continued Listing Status. The New Rules are OR for those 3. I think they'll be OK. Still wondering how much that contract was worth. Maybe we should ask STRR??? I did find this tonite. Ray ================>>> Liquidity and Capital Resources At December 31, 1997, the Company had $771,000 of cash and equivalents and $441,000 of short-term investments. The Company had a net cash outflow from operating activities of $2.2 million for the nine months ended December 31, 1997. Cash used for investment activities was $2.6 million, primarily due to the acquisitions of the PowerScan and StageWorks technologies and CDT. (See Note 2 to the consolidated financial statements.) The Company financed these acquisitions with its cash and short-term investments and with shares of its common stock. The Company's operations, acquisitions and preferred stock repurchases to date have consumed substantial amounts of cash. The Company incurred operating losses of $2.2 million, $4.3 million and $4.5 million for the nine months ended December 31, 1997 and for the fiscal years ended March 31, 1997 and 1996, respectively. The Company spent $2.4 million for the two acquisitions in the nine months ended December 31, 1997 and an aggregate $3.6 million for the preferred stock repurchases in the fiscal years ended March 31, 1997 and 1996. sec.yahoo.com Those Preferred Shares should be worth a bit more now.