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Microcap & Penny Stocks : STRATEGIC SOLUT (Nasdaq:SSGI)
SSGI 0.0250-37.5%Nov 1 5:00 PM EST
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To: Wally who wrote (343)2/25/1999 7:53:00 AM
From: BlueCheap  Read Replies (1) of 388
 
Spoke with John Cagigan last week and Mr.Cadigan gave me the feeling that he was honest with me. He returned my call, was very up-beat.
In the S.E.C. filing it mentions a Florida Co. SSGI divested itself of, ( this Co. owes SSGI money) part of divest agreement, this Co. has found a lender and is supposed to have a I.P.O. and will settle the debt with SSGI.
Mr.Cadigan thought probably
some of that cash and stock in I P O., he dosen't know yet as he just got the news, but the debt was $ 1.6 million.
The "deal" is not dead, a new lender approached SSGI with what he said could be a better deal for SSGI shareholders. He didn't explain.
Said they have to get with new lender and check it out. They have tightened their belt, and doing pretty good, said SSGI is now in shape to make alone if need be but this news would not increase shareholder value.
The Tamasco deal should put the stock ABOVE the $.50 cent level. John said Tamsco still wants this deal as does SSGI.
He said they are doing business and hoped shareholder value would move up before summer.
I know Mr. Cadigan spoke with another investor and this told this person the very same things as he told me..

Regards,
Malcolm
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