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Technology Stocks : CSGI ...READY FOR TAKE-OFF!
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To: Tech Master who wrote (1386)11/25/1997 10:04:00 AM
From: StockMan  Read Replies (2) of 3391
 
Tech Master you are truly a Jacka$$ ? There is no such thing as a "Regulation" S-1 filing ? Where in the hell did you get that from ? Is it just your attempt to post false information ?

This is a S-1 filing that is being used in lieu of a bunch of individual 144 filings. There is no difference if each of the people named in the filing were named in individual 144 filings.

This is a registration statement. There are 2.9 million shares being registered and the owners of those shares can sell them if they wish. This is no different from all the 144 filing ALYD has done.

These shares do come out of the current outstanding shares, and therefore, there is no dilution. The public float will increase as these shares are sold.

Out of the 2.9 million shares, 1 million belongs to the chairman of CSGI, who, in my opinion, will not sell at these levels.

Please do not try to insinuate that this is anything like the Regulation S. offerings ALYD has done. You have seen what happens to a company that does a Reg. S offering. If you do not remember, please check ALYD's stock price last week when a bunch of Reg. S stock hit the market.

The people who bought shares in the private placement of CSGI had one year before their SEC 144 time period expired. Since that time period has now ended, it is normal and expected that those shareholders will have their shares registered. It does not mean that they are all going to sell, or that they are going to even sell at these prices. It just means that their shares are now registered and they may sell them as they wish. Since the stock has been going up after this filing was made, it would show that not to many of them were selling anything.

Don't confuse the facts, and don't come on this thread and talk about issues that you clearly have no knowledge of.

CGI has about 16 million shaes outstanding and even if all these shares were sold, the public float would still only be around 6 million shares.
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