CYAA = Planned Real Estate Spin - Off Message Board

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Technology Stocks : CYAA = Planned Real Estate Spin - Off

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To: P.E. Allen who started this subject	7/11/2000 7:52:02 PM
From: Francois Goelo	of 150

Here is my take on these News and it's very positive for the stock... 1) 442,000 shares have been returned to Treasury, thereby reducing the Float to just above 1 Million shares and the outstanding to about 2.79 Millions shares... 2) The Shareholder's Equity of some $8.8 Millions, instead of being divided by 3.23 Millions shares to give a Book Value of $2.73, will now be divided by 2.79 Millions, thus raising the Book Value to $3.15/share... 3) A. Wolfson held some 594,000 shares on 7th April... Minus 442,000 shares, he would have some 152,000 shares left, or around 5%... I suspect that the number is actually substantially less, as I haven't reviewed all the latest Form 4 Filings... 4) A substantial debt of some $660,000 owed CYAA by Wolfson has now been extinguished on favorable terms and he is now longer in a position to damage the Company with his bad reputation... I knew there would be a silver lining in this Dark Cloud...

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