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Strategies & Market Trends : CD Radio (CDRD) A FLOOD OF STOCK
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To: Candle stick who wrote (2)9/29/1997 10:43:00 PM
From: Candle stick   of 20
 
I copied this from the Pre 14A filed with the SEC on September 26th:

This Consent Solicitation replaces the consent solicitation mailed to stockholders on
July 15, 1997 (the "July Consent Solicitation"). The July Consent Solicitation was

<PAGE>

unsuccessful because insufficient consents were obtained prior to the legal deadline of
September 23, 1997 (the 60th day following the Company's receipt of the first
consent). Therefore, a vote submitted in connection with the July Consent Solicitation
will not be effective with respect to this Consent Solicitation. STOCKHOLDERS
WHO VOTED IN THE JULY CONSENT SOLICITATION, THEREFORE,
SHOULD VOTE AGAIN IN RELATION TO THIS CONSENT
SOLICITATION...........

It would seem that the vote to allow redemption of the convertable preffered FAILED.
That would mean that on Nov. 15th over 9 million shares will be unlocked for sale on
the open market.......
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