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Microcap & Penny Stocks : clyc--Projected 97 sales $600mil, 96 sales $5mil

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To: kenny who wrote (68)4/14/1997 6:48:00 PM
From: andy steele   of 368
 
I received the research letter today and all I can say is wow! Some things that conceard me though are: clyc has 1.9 million of convertible debentures outstanding, but clyc thinks these will be retired prior to conversion.(lets hope so). Beginning in August 1997, 5 million shares will be freed up over a three year period.(more dilution). What is your opinion on this?

Andy
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