SPDE (nee CVUS)-- the scammiest Internet stock Message Board

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Microcap & Penny Stocks : SPDE (nee CVUS)-- the scammiest Internet stock

SPDE 0.0001000

0.0%

Dec 26 9:30 AM EST

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To: DreamWeaver who wrote (92)	8/19/1999 2:29:00 PM
From: Bernard Levy	Read Replies (1) of 114

Hi DW: In addition to the $6M it is currently showing in cash, SPDE received about $20M from NXLK's stock purchase in July (minus the cost of the fiber it purchased in NY), anfd it will receive another $20M when the spectrum transfer to NXLK closes. This should give SPDE about $45M in cash. Since Shant seems particularly interested in keeping his nice $250K-$300K yearly paycheck (plus stock options), here is what I think he should do: close all operations, and perhaps even sell the last 150MHz of spectrum, and put all the money in some nice corporate bonds. This should give SPDE a nice $3M-$4M income per year. This is far more than SPDE will be able to generate by keeping its operations going. Best regards, Bernard Levy

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