Maybe they are close to the spin-off. We all know that CSMA by itself is almost worthless and that the revenues will follow Ad-Hatters and Enviro-Tec.My guess is the MM's are anticipating the stock's value before the company confirms the distribution date for the spin-off shares. (They said it would be "around" the 20th of October.)
Good call, Gary! I recently e-mailed Mike Millis, he sent me this reply today:
To: irvinecapcom@worldnet.att.net
> Subject: Question about CSMA
> Date: Tuesday, October 20, 1998 3:47 PM
>
> Hi, Mike!
> My name is Rick Williams, and I am a CSMA stockholder. I> have two questions for you:
>
> 1) Has CSMA received an ex-div date for the spin-offs yet?
IT WAS TODAY, THE 21ST.
>
> 2) Is there any more news you can share with us about the Class V
> disposal well?
NO, NOT AT THIS TIME. PLEASE REFER TO THS MOST RECENT PRESS RELEASES AND SHAREHOLDER LETTER. THE COMPANY WILL BE ISSUING REPORTS ON WHATEVER REGULAR BASIS THEY CHOOSE AND I HAVE NOT YET BEEN APPRISED HOW THAT IS TO BE HANDLED.
>
> Thanks for your time.
>
> Rick Williams
Mike seemed a little tense. I wonder if he wishes he had never heard of this little stock. Of course, I might be wrong, but all-caps always makes me think a person is yelling or uptight.
I didn't to think about the new symbols...we ought to hear about that soon. Not crucial to me, since I won't be able to do anything with the stock for a year, anyway.
Golly, CSMA at a nickel! Well, beats the penny it might have sold for yesterday...MM's must be having mercy on us.
Here's to better days! |
