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Microcap & Penny Stocks : ALYA Cost cutting system via software as well as security -- Ignore unavailable to you. Want to Upgrade?

To: Glen Abbey who wrote (968)	6/22/1998 10:16:00 AM
From: Siber	Read Replies (1) \| Respond to of 2534

Good morning, Thanks Glen for a great post. Refreshing to read some serious informed DD for a change. Helene

To: Glen Abbey who wrote (968)	6/22/1998 11:34:00 AM
From: TLWatson59	Read Replies (2) \| Respond to of 2534

To Each His own: Some see the glass as half full others as half empty. Half full I can understand - half empty is and always has been an oxymoron. Very standard accounting procedure to invest,as you say they have, $3 million in R&D and carry not one dime of it or it's resulting software as an asset. Or didn't you really bother to read the balance Sheet dated March 31, 1998. Perhaps you also missed this from the notes to the six months financials: "It is anticipated that the cash received by the company will be accounted for under the provisions of the "Emerging Issues Task Force, 88-18: Sales of Future Revenues " (EITF 88-18). IT IS EXPECTED THAT THE OWNERS AND NET REVENUE ALLOCATED TO THE BUYERS WILL NOT BE SUFFICIENT TO SERVICE THE NOTE RECEIVABLE PRINCIPLE AND INTEREST PAYMENTS DUE TO THE COMPANY AND AS SUCH THE NOTE WILL NOT BE RECORDED." Maybe that's why cash that isn't there isn't recorded on balance sheets. Maybe that's why sales of U.S. & Canadien rights for $1.3 million CF result in a net of $750,000 CF after a very sweet $550, 000 CF finders fee to unnamed individuals is not reflected on the balance sheet. If your contention is so, where is the offset reflected in some form of value. What you cite is nothing more than a balancing bookkeeping entry to account for the inflated value of services so called rendered or in lieu of cash paid as salaries. Good try but no cigar. As is usually the case it will eventually all come out in the wash. Hang on tight it could be a bumby ride.

To: Glen Abbey who wrote (968)	6/22/1998 5:56:00 PM
From: KLAW97	Read Replies (1) \| Respond to of 2534

The problem with some investors. They are use to 100% return in 1 hour. Some are trained to think if a stock doesn't go up 100% in 1 day something is wrong with the company. I am very confident with ALYA and the way they are improving the company. I like dips because if you feel confident in a company you can increase your position. A little dip here, a little dip there, and the next thing you own 50,000 shares and then the price goes up 1 - 2 points and the smile becomes very big.

To: Glen Abbey who wrote (968)	7/23/1998 1:06:00 PM
From: TLWatson59	Respond to of 2534

The six months statement (unaudited) shows no such cash flow or investment in R & D of such magnitude. It does show compensation in the form of stock issuance with the excess above what they consider fair market value being credited to Capital. While it would have been more liberal accounting practice to carry R & D investment on the balance as a depreciable asset, if the end product were so valuable, it would have been justified and offered a far more advantageous balance sheet position. This is especially so since the company has to feed itself with hand to mouth exempt stock placements the full terms of which have never been publicly defined. Asking the fox guarding the hen house what happened to the chicken is not my idea of real DD. As a more intelligent comment reflected, let's wait and see what happens. Good try no cigar.