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Re: Re: [sharechat] Comsoft

From:	"Peter Maiden" <pmaiden@xtra.co.nz>
Date:	Sat, 17 Mar 2001 08:20:30 +1300

Yesterdays notice needed because they changed their balnace date to June so ASX needed a six month update.

If I owned Commsoft shares i'd be worried. Something doesn't add up....

Courtesy of announcement of 18/12 revenues from July to September were $3.7M with profit of $0.3M

latest announcement says July to December revenues $3.9M with loss of $6.3M

So in the last three months revenues have been non-existent and losses in excess of $6.6M.

Did they have to put credits through for all the unpaid accounts in their last six month accounts? Have they not sold anything in spite of being a leading supplier of software in their field?

Maybe the full story will come out next week. No wonder they put this announcement late on a Friday night.

Cheers

Peter

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