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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Jetter who wrote (21792)3/17/1999 7:23:00 PM
From: StockDung  Respond to of 122087
 
Revenue Recognition RE:CYOE

Revenue from product sales is recognized upon shipment to a credit-worthy customer, based on a firm agreement whereby all risks and rewards of ownership have been transferred, in exchange for cash or a receivable which is liquid and collectible. The transaction must be complete in all significant aspects as of the date of revenue recognition and free from any significant uncertainties or future obligations and restrictions.
========================================================

Wonder if they booked that rev from Eugene Curcio?

floyd



To: Jetter who wrote (21792)3/17/1999 8:04:00 PM
From: StockDung  Read Replies (1) | Respond to of 122087
 
Subject 5012



To: Jetter who wrote (21792)3/17/1999 8:33:00 PM
From: StockDung  Read Replies (4) | Respond to of 122087
 
I think you are on to something with NUKO and CYOE. NUKO was formed
when Growers Express merged with them. ( Sounds like they were in the fruit business where CYOE/Diana were in the meat business) Some of the names of key players might match up with the 144's filed on cyoe). I smell a connection and a rat. I need the boards help to research. Also in the 10k NUKO had gotten a 6 million dollar line of credit from Silicon Valley Bank. Maybe this is where cyoe got the mystery 10 million dollar financing commitment.

NUKO Information Systems, Inc.

To view the full document, go to:
edgar-online.com.
For other Edgar reports on NUKO INFORMATION SYSTEMS INC /CA/ (NUKO), go to:
edgar-online.com

The Company was incorporated in the State of New York in 1968 under the
name Yondata Corporation and, in October 1992, changed its name to
Growers Express Corporation. In May 1994, Growers Express Corporation
merged with NUKO Technologies, Inc., a California corporation, and
following the merger, Growers Express changed its name to NUKO
Information Systems, Inc. and commenced operations through NUKO
Technologies, Inc., which survived the merger as the Company's wholly
owned subsidiary. In January 1997, the Company effected a
reincorporation from New York to Delaware by merging itself into its
wholly-owned Delaware subsidiary. From 1970 to 1994, the Company had no
operations and no revenues. The Company's management, which had no
affiliation with Growers Express prior to the merger with NUKO
Technologies in May 1994, has almost no knowledge of the Company's
activities between its incorporation in 1968 and the merger, and very
few corporate records relating to the period between 1970 and 1994 are
available. As a result, while management believes that there are no
material liabilities relating to the predecessor company, there can be
no assurance that there are no potential liabilities relating to such
period or that the Company always conducted its corporate activities
during this period in accordance with the New York Business Corporations
Law.