Replies to post #434 on XRS Corp. (XRSC)

[Toxic Avenger]

You're right, the don't have a safe with $15 million in $20 bills in it. ROFLMAO. They have "cash equivalents", aka bank accounts.

"Cash and cash equivalents are the most liquid assets found within the asset portion of a company's balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper. Cash equivalents are distinguished from other investments through their short-term existence; they mature within 3 months whereas short-term investments are 12 months or less, and long-term investments are any investments that mature in excess of 12 months. Another important condition a cash equivalent needs to satisfy is that the investment should have insignificant risk of change in value; thus, common stock cannot be considered a cash equivalent, but preferred stock acquired shortly before its redemption date can be."
http://en.wikipedia.org/wiki/Cash_and_cash_equivalents

Class dismissed.

[WhisperingBomb]

I would agree with you, too-

Just don't want to be prevaricated away from the main issue with XATA here: "where's the beef?"

If they have so much on the ball, why is their market cap so outta wack with reality? Normal market forces would have it much higher.

So I start pokin' around and BINGO! Lots of strangely configured "Classes" of preferred voting, dividend paying stock. Held by guess who? All insiders!

It would be funny except for the con being perpetrated on ALL common stockholders. XATA can't even be aquired since the preferred stock represents a de facto poison pill.

What a deliberate ripoff of non voting common stockholders that don't normally check out corporate stock structure.

Yes, smart time to NSS XATA.... down, down, down....

JMO-

WhisperingBomb