Citadel Computer Systems, Inc. ------CITN Message Board

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Microcap & Penny Stocks : Citadel Computer Systems, Inc. ------CITN

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To: Jxcxjx who wrote (1959)	7/18/2000 10:13:16 AM
From: Navigator	Read Replies (1) of 1968

Since Parago is the whole ball game here, I think my original reason for holding the stock is still valid (an IPO of Parago). With CITN holding 20 million Parago shares, our catalyst for receiving value will be a successful IPO. If they (SS) succeed at basic blocking and tackling in building Parago's business (read: financials), the IPO will take care of itself. It's my understanding that Tom Lee's VC money came contingent on scrapping the How2 IPO (which supposedly was to be underwritten by a middle-tier type regional house such as Robinson Humphrey) and postponing it until the financials could support an IPO by a bulge bracket type firm (i.e. Goldman, Morgan Stanley, Merrill). I don't know anything about the additions to staff--I'll be checking these out today.

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