SYTE - Sitestar Message Board

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Technology Stocks : SYTE - Sitestar

SYTE 5.490

+0.9%

Aug 11 5:00 PM EST

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To: Glenn Petersen who wrote (1)	10/25/2000 8:22:06 AM
From: Joe Copia	of 301

By: j.dallas $$ Reply To: None Tuesday, 24 Oct 2000 at 10:06 PM EDT Post # of 1639 SYTE is cash flow positive at both the subsidiary and corporate level. Management has not sold a single share since being listed last July. CEO Sallee says SYTE offer to FASH is an ALL CASH OFFER , non-contingent on financing. Their capital commitment is already in place. And their CASH is not any different than say MORGAN STANLEY's cash ! The FASH response was for the publics benefit and would obviously not publicly embrace this immediately. SYTE will attempt to gain Mr. Narasin's support for the deal given his 46% share in FASH. SYTE is committed to seeking only top quality targets and has at least 18 more on their radar screens. The FASH deal is 50/50 that it may work. One of these deals WILL WORK. Stay tuned. SYTE is a profitable and secure company that continues to grow both internally and by aquisition and Sallee believes they are a standout on the otc bb. He also says thaey have a zero burn rate. The statements above are notes based on a response to some questions I posed to Mr. Sallee today.

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