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Technology Stocks : Cayenne Software (CAYN)

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To: Jay Hartzok who wrote (1070)8/28/1998 1:08:00 PM
From: Chatty   of 1096
 
Jay- Yes we did get F-----! I am very disgusted at management for misleading all of the loyal shareholders that believed all along that they really were one of the leading software companies in North America.(As they always stated on their press releases!)Anyway I controlled a lot of stock at an average of 5-6 dollars a share! These guys are no better than any other scamsters on Wall St. Most of these type of companies sell for 2-3-times revenue and Cayenne sells for 1/4 of their revenue- what a joke! And then to turn the screws even harder the preferred share holders walk away 3.4.mil out of an 11 mil deal. These guys knew all along what was going on. It also accounts for all of the insider selling a 1-2 dollars. Oh well maybe someone will start a class action lawsuit. If anyones interested let me know! CHATTY
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