A NOT so Funny thing that CTAE's CEO has not released a press release stating that the deal fell through!
Now maybe we can find out who was selling those rather large blocks of stock back in December. Did someone from CTAE now that the deal was dead, and dumped stock?
Like I always said, it's (was) a highly speculative deal!
Riley G
----------
January 14, 1998 2PM EST.
SOURCE:Y2C Inc. Ottawa, Canada,
Y2C Inc. Withdraws from Acquisition Agreement with Cetacean Industries Inc (OTC Bulletin Board: CTAE )
Mr David Simpson President Y2C Inc. reports
OTTAWA, Jan. 14 /PRNewswire/ -- Y2C Inc. today announced that it has withdrawn from a previously announced acquisition agreement with Cetacean Industries Inc (OTC Bulletin Board: CTAE ) PHOENIX, Dec. 8 /PRNewswire/ -- Cetacean Industries, Inc. (OTC Bulletin Board: CTAE-news)
Certain unresolved timing issues and lack of financial commitment by Cetacean Industries Inc has become unattractive to the company. In addition, Y2C Inc. is now pursuing other financing opportunities..
Y2C Inc. was formed to develop and design an automated integrated approach to the ''Year 2000 Problem'' that is affecting governments, industry, financial institutions and day to day life in general.
The year 2000 problem is astronomical in proportion, with the North American software repair cost originally estimated at over Four Hundred Billion Dollars alone and One Trillion Dollars worldwide.
Y2C has developed and can provide a state of the art product, Chronicle 2000, that will be successfully licensed to governments, industry and system integrators. Y2C has also obtained the rights to key leading industry products that are being integrated into the Chronicle 2000 product. The combination of these products with the Y2C approach will provide a well-engineered, automated methodology in resolving the Year 2000 Problem and products with effective tools that will be useful well into the next millennium
For product information, contact Y2C Inc. at 1-613-722-4165 or visit the Y2C Web site at www.y2c.com. For investor information, call 1-613-722-4165 or email invest@y2c.com. |
