Calton, Inc. (CN) Message Board

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Microcap & Penny Stocks : Calton, Inc. (CN)

CTON 0.800

0.0%

Oct 30 4:00 PM EDT

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To: Jack Hartmann who wrote (21)	2/29/2000 6:15:00 PM
From: Glenn Petersen	Read Replies (1) of 67

The Form 10-K was filed today and does not disclose any new acquisitions. The company has set a June 30, 2000 deadline for the redeployment of the remaining cash. From the Form 10-K: "If by June 30, 2000, the Company has not redeployed a substantial portion of the proceeds of the Sale Transaction, or developed a plan to redeploy a substantial portion of such proceeds within in a reasonable time frame, the Company, subject to shareholder approval, will be liquidated and dissolved. Management currently expects to deploy or have a plan to deploy a substantial portion of the proceeds by June 30, 2000."

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