CellularVision (CVUS): 2-way LMDS wireless cable. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CellularVision (CVUS): 2-way LMDS wireless cable.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ken98 who wrote (1590)	3/19/1998 11:27:00 AM
From: Murray H. Feigenbaum	Read Replies (3) of 2063

Ken, Since I am no longer a principle in Logi, I have only the information available from my Edgar download of Logi's long delayed 6/30/97 10k last month. The $ 3.0 million owed by CT&T to Logi was assumed by CVNY and $350K was paid in cash with a a note for $ 2.6 million. That note was picked up by the new Investment Group (Kramer Rosenthal...) for $ 2.4 million. I do not know what CVNY used as collateral, maybe someone out there knows? With the two shots of funding:Financing;and debt payment.Plus finally the auctions, Logi along with its newly acquired mmTech should be in a prime position for growth. The international market plus;domestic auction winners who will pay for their equipment in a timely manner, will allow Logi/mmTech to move out with their proprietary high tech LMDS complete systems. There was a brief excursion of Logi's stock to over $1 with the announcement that Ken Thomson was taking over. As soon as he begins I expect that the Company will return to a profitable position. Murray

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next