Coyote Network Systems (CYOE), Mixing It Up, IP and ATM Message Board

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Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM

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To: NYBellBoy who wrote (109)	2/16/1999 6:38:00 PM
From: NYBellBoy	Read Replies (1) of 360

Bruce - IMHO, Coyote Financial Statements are horrible. They burned all the cash, they have negative working capital. They sell products to people who don't qualify credit. The deferred sale is more profitable then all their other sales. They have an immediate need to raise funds through debt and equity financing for immediate needs, they don't have the financing to make the payment due for the company they just purchased (Systeam) and they can't pay the preferred dividends of $280,000. This is an accident waiting to happen. This is a job for a floorless convertible. This stock starts tanking tomorrow. :) BellBoy

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