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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail

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To: Brian Gross who wrote (913)12/18/1997 3:41:00 PM
From: Robert Morrison  Read Replies (2) of 1800
 
Brian. I have owned CYI since 1992 so I know all about the long term.

I guess you could say I am kind of at the end of the "long term". As a consequence I know more about this company than most.

This company has had more executives than I've had hot dinners.

It relied for years on a product line that looked like it came off the front cover of a 1960's Popular Mechanics Magazine (and sold unbelievably).

I've seen the pre-reverse split price go from $4.25 to now some 35 cents. All of this to finance the development of their encryption technology.

I've been diluted to buy a whole new business and product line. Hell I've even seen a $1 million dollars go to Venezuela to finance what must have been cha-cha lessons for the Board of Directors but in reality I think it was to set up some sort of deal for a gold mining venture.

Of course this is going on during the biggest bull market in the history of the world where all you had to do was buy nice safe profitable companies and make 10 times your money.

At no point has the company said "go away for 5 years and come back when we make a profit" no it has always been "profit in the next couple of quarters" etc etc. So my approach now is: Okay, if you say you're going to make a profit then make your profit but don't jerk me around in the meantime.

So you see it's rather simple now from my point of view, if the company is doing well then I expect announcements, if the company company's stock is under pressure I expect management to support it, if someone can't do their job then I expect them to get a pink slip, if profits are a long way away then I expect to be told profits are a long way away and if someone screws up them I get angry...a no bullshit approach to business that works over the long term.

So you can see why I get angry when I see the stock being pushed down to regulatory margin by someone working the market but I don't blame them, they are only just being greedy. What angers me more is incompetance and so I always put everything back on management and let them know.

Looks like it worked ....we got an announcement didn't we.

Rob

PS Always remember it's our money at risk here so we have a proprietory right as owners to say what we like.
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