Command Systems, Inc. (CMND) Message Board

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Technology Stocks : Command Systems, Inc. (CMND)

CMND 1.870

-4.6%

Dec 30 3:59 PM EST

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To: Baronss who wrote (1229)	8/3/1998 9:20:00 PM
From: JEFF BERRY	Read Replies (1) of 1956

Baron, I do not believe that Phoenix Home Life was ever a major investor in Command in the true sense of the term. Command and Phoenix undertook the joint venture of the offshore Indian facility. Command controlling 51% Phoenix the remaining 49%. Command, "the brains" ..Phoenix, "the brawn" $$$ On 12/31/97 Command purchased the 49% interest of Phoenix. No doubt in anticipation of the IPO. I believe the purchase price was paid with Command System's preferred shares.....Many of which were subsequently sold by Phoenix at a substantial profit as part of the IPO......No doubt recouping Phoenix's original investment and then some. The motivation for Phoenix to partner with Command was no doubt based on the convictions of Phoenix as contained in the Datamation's article. As well as perhaps recieving Y2k benefits in the process. Best Regards, Jeff

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