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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail

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To: ecommerceman who wrote (1682)2/13/1999 7:04:00 PM
From: James W. Bradsh  Read Replies (1) of 1800
 
First, congratulations on getting out at the 1998 peak. Basically, the AMEX proposed delisting (now under appeal) gave everyone a wake up call that the company did not meet the minimum stockholder's equity requirement and had incurred consistent net losses in the prior fiscal years.

You might check the company web site, cycomm.com and review the press release of January 28.

They are now scrambling to correct the situation. The release will give you several measures under consideration. If they are successful, current price is a very speculative buy; if not, I suppose as they say, "it's over." The odds are about 50-50, imo.
Holding my shares and look forward to salvation.
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