Command Systems, Inc. (CMND) Message Board

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Technology Stocks : Command Systems, Inc. (CMND)

CMND 0.459

-32.4%

3:59 PM EST

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To: redwood who wrote (1220)	8/3/1998 5:55:00 PM
From: Big Dog	Read Replies (1) of 1956

Dear Redwood: I spoke to Peter Duda today. Lawyers are filing registration papers soon. IMHO, since the subject 345,000 shares (small portion of the IPO) were issued to "someone" without the proper registration having been done, it's probably taking longer than usual because the insurance company (for the attorneys) is negotiating with the "holder." Remember, the shares were issued at a price of approximately $14/share. Those shares are now $3.50. If you were the holder wouldn't you play hardball, so as not to take the loss (i.e., $3.6 million)? The lawyer's insurance company is playing "hardball" so as to minimize the payout. CMND sits and waits (in a quiet period) as all this plays itself out. Of course, as has already been reported, CMND is being held "harmless" with regard to this registration mistake made by the attorneys.

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