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To: Shinie who wrote (2144)1/15/1998 10:45:00 AM
From: Robert Wierdsma
   of 2428
 
DO I understand that the symbol is changing to CNTRC.

If so, is this because they have been moved to small cap?

What does this mean?

If they go to OTC, what are the implications ( besides being harder to trade)?

Yikes!

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To: Robert Wierdsma who wrote (2146)1/15/1998 11:38:00 AM
From: Jatin Kadakia
   of 2428
 
>>If they go to OTC, what are the implications ( besides being harder to
trade)?<<

The big guys keep it far away from there radar screens so that they can not even touch it with a ten feet pole. Essentially no interest from big guys and that is why harder to trade. Only traders with Level-2 and other real time info get in and out for measly 1/16, 1/8, 1/32, 164. 1/256 etc. Good luck to all. And yes, the new symbol is CNTRC until Feb 28. If they can not meet the requirements by then, it probably will be moved to otc:bb and back to cntr.

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To: Shinie who wrote (2139)1/15/1998 4:20:00 PM
From: David Miller
   of 2428
 
Does everybody really believe Centura can beat this 0.11 EPS?

$0.11 eps translates to around $1.6m profit. With expenses running at $10.5m, this requires around $12m in gross profit. There was $15.5m in deferred revenues on the balance sheet at the end of last quarter.

EPS isn't a significant issue right now. They don't have any cash.

david

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To: David Miller who wrote (2148)1/15/1998 4:37:00 PM
From: Shinie
   of 2428
 
Thanks for the explanation. I think we all omitted the part of deferred revenues from the last Q. If they beat EPS by mainly relying on the deferred revenues, the future of Centura won't look bright.

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To: Jatin Kadakia who wrote (2147)1/15/1998 4:39:00 PM
From: Veiko Herne
   of 2428
 
Jatin

This can result a good for long term shareholders, like I. If CNTRC is not very attractive for short term trading and all those today traded stocks will go to long term profolios, there will be less stocks available. As we have seen, low volume trading days CNTR was going uptrend and with volumes over 100000, there was immediate down.
If Centura continues to be proffitable company, this movement will give better conditions for stock price to rise.

Veiko

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To: Veiko Herne who wrote (2150)1/15/1998 5:22:00 PM
From: David Miller
   of 2428
 
If Centura continues to be proffitable company

Veiko, please be careful. Centura badly needs an injection of cold, hard cash before it can stand on its feet, let alone walk or run. It has clearly failed to meet the minimum capital requirements as CNTR, and is still on probation as CNTRC. Simply being "profitable" in this context is not enough, they have to generate cash.

david

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To: David Miller who wrote (2151)1/15/1998 5:48:00 PM
From: Veiko Herne
   of 2428
 
David

Agree. To get cash is following possibilities:
1. Proffit
2. Loans
3. Additional stocks

The number 1 is the best possibility.

Veiko

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To: Veiko Herne who wrote (2152)1/15/1998 6:14:00 PM
From: David Miller
   of 2428
 
Veiko, there are a couple of subtleties here.

1. Profit. Two points here. Because of the deferred revenue that exists in Centura's balance sheet - approximately nine months worth of service-related revenues - Centura could conceivably make another couple of quarters consecutive profit, and still bleed cash.

Also, don't forget that profit itself is not strictly necessary for short-term survival, so long as the company trades cash-positive - it's just the difference between watching the bank account, and recording other stuff in the profit and loss statement

2. Loans. Loans will not improve the company's capital position, which is the other leg of the financial nutcracker Centura is in.

3. There is unlikely to be a public placement at current levels, not least because the current shareholders are under water (in the last balance sheet) to the tune of $11m.

david

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To: David Miller who wrote (2153)1/15/1998 10:19:00 PM
From: Jack M. Moriss
   of 2428
 
Is the only solution a total buyout ?

If yes, CNTR should be officially on sale
and try to attract concurrent buyers.

Can we get $4/share out of this mess
(Thanks to Mr. "Visionary" Gupta...) ????

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To: Jack M. Moriss who wrote (2154)1/15/1998 11:20:00 PM
From: David Miller
   of 2428
 
Can we get $4/share out of this mess

That's around $65m. Four times revenue. And it would have to be cash, or mostly cash.

Hmmmm. How do US tax laws help here - is there anything in the $81m accumulated deficit that would be of any use to a more solvent company?

david

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