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Technology Stocks : Cayenne Software (CAYN)
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To: May Lee who wrote (1080)9/8/1998 1:33:00 AM
From: INFO_DART  Read Replies (2) of 1096
 
May Lee, I'm sorry for your loss. I don't know if I'm "better thinking" than anyone else. But, I'll give you my opinion. First, please know I have not traded CAYN for quite some time and have no position. It seems by your own refusal to sell at that price in the stock market, you have in a way already made a decision, but don't know it. Why would you sell CAYN to Sterling for maybe pennies, if you would not sell it to another market participant at that price.

Frankly, I don't know how much worse a deal shareholders would get in a bankruptcy proceeding, since this deal is structured so poorly. CAYN shareholders could actually wind up with nothing.

It seems to me that CAYN could radically cut expenses and generate a positive cash flow. The company would be profitable, but much smaller. I think this is a fire sale and not in the best interest of most common shareholders.

I think it would be interesting to know the percent of common stock that the preferred shareholders own.

IMHO, I think you should consider saying no.
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