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Technology Stocks : CoSine Communications(COSN):

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To: caly who wrote (123)9/3/2010 4:06:19 PM
From: Glenn Petersen   of 124
 
Smart move. Purging the pesky small shareholders will make it easier to attract a good merger candidate. As of June 30, the company was sitting on approximately 21.9 million in working capital, equal to $2.17 per year. Unfortunately, the company is burning through $250,000 to $300,000 per quarter.

They have already filed the preliminary proxy materials:

sec.gov
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