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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Wolff who wrote (21791)3/17/1999 6:36:00 PM
From: Jetter  Read Replies (3) of 122087
 
CYOE...Its amazing what sh!t comes up if you keep digging. Look at this. I will be talking to CYOE very soon with some interesting questions I want answered.

From their annual report:

The following are included in investing activities (See Note 3 to Consolidated Financial Statements): (i) during fiscal 1998, the company advanced funds to NUKO Information Systems, Inc., a potential acquisition candidate. A total of $1,800,000 was advanced under a secured promissory note. The acquisition effort was terminated and subsequently, NUKO filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code; (ii) in March 1998

Anyone know who NUKO is? Wonder who pocketed the 1.8 MM of advanced funds. Don't you think if you were going to acquire a company you would look into it and see how they were doing? I would think that the company would be doing well enough to last out the acquisition...

Somethings not right...

Regards.

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