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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Q. who wrote (211)	3/13/1999 1:45:00 PM
From: dumbmoney	Read Replies (1) of 360

Found this interesting bit in the 10Q: ---- Under the terms of the Preferred Stock Agreement, the Company is obligated to pay certain penalties aggregating $280,000 as of February 1, 1999. The Company is currently negotiating to redeem the Preferred Stock, or a portion thereof, subject to obtaining the required financing and a waiver of such penalties. ---- 280,000 is 4% of the $7 million convertible. Reading through the convertible info, this penalty appears to be the 2% per month penalty specified for certain conditions, such as failing to get an effective registration. Anyone tried to talk to the CFO?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next