Floorless Preferred Stock/Debenture Message Board

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Strategies & Market Trends : Floorless Preferred Stock/Debenture

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To: Brooks Jackson who wrote (337)	3/17/1999 10:52:00 PM
From: Jeffrey S. Mitchell	Read Replies (1) of 1438

Re: CFON - I see they've hired Sovereign... check this out: The Company understands that it is one of 30 or more small public companies that have entered into similar transactions with the same parties, and that in all cases the investors or their agents have engaged in similar behavior resulting in loss of market value of the combined companies' stock in excess of $500,000,000. #reply-6956408 Keep in mind that the above is simply an allegation, not anything proven. It was also put out by a company that has disappointed shareholders at every turn. It's been my experience that companies like Sovereign are pretty good at picking and choosing "story stocks" where they have a willing pool of believers to sell to the moment they close the deal. So, if form holds, CFON is about to take a huge dump. - Jeff

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