The most up to date help, with links to other music related topics, is on RecordingBlogs.com.
The current time panel shows the current time in the format mm:ss:hs (minutes, seconds, hundreds of seconds).
All Orinj views contain this panel. In the multitrack view, single wave view, and MIDI roll view, this is the time of the play cursor (the vertical yellow line). If there is no playback and playback is started, it will start from this time. If the session, MIDI file, or wave file are currently being played, this is also the current position of the playback (the time in the song, MIDI file, or wave file being played). In the loop building view, during playback, this is the current position of the playback (the time in the loop).