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Microcap & Penny Stocks : Star Technology STRR -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (710)	5/18/1998 6:32:00 PM
From: Crueldog	Respond to of 872

Arthur: You can get the 10-q on edgar. I tried cutting and pasting here for you but it was a mess. I tried editing it but too much trouble. Get your own copy at edgar. If you can't may be the company will fax you a copy. But I will summarize in brief: Cash 5 Short term Investments 515 Accounts Receivable 453 Other Current assets 351 Total Current Assets 1,323 PPE - net 926 Goodwill & Other 2641 Total Assets 4890 Accounts Payable 906 Accrued Liabilities 140 Deferred Revenue 360 Other Liabilities 396 Total Current Liab 1802 Total Stkhldr Eq 3088 Total Liab & Eq 4890 Now when are you going publish the documentation that I have requested Re: CDT Army Contract?

To: Arthur Tang who wrote (710)	5/19/1998 3:12:00 PM
From: Arthur Tang	Read Replies (1) \| Respond to of 872

Balance sheet shows: Stockholders equity $3 million. Good will $2.6 million. Another loss of $400,000 and the equity is all good will. You couldn't eat good will. Severe bloodshed has to be stop immediately, since STRR has no deep pockets. Surplus cash was spent buying back part of General Electric preferred stock. Cash is $4,000. Accounts payable is $906,000+. Accrued salary is $140,000. Accounts Receivable is only $453,000, which is too low for the next 30 days. STRR is not paying bills on time, already. Spending too much and head count is too high. Severe cut back is the first thing to do. Then financial planning can be done. Otherwise, all the new money is like fresh flower put on cow manure. Income analysis is no longer important, cutting back is here and now.