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

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To: Fast Eddie who wrote (23177)3/23/1999 10:00:00 AM
From: Wolff  Read Replies (2) of 122087
 
CYOE by Brutus......Halting trading is a big step so don't expect too much, too soon. 1st investors have to get restive due to CYOE's failure to perform the legal affirmative disclosure obligations. Complain to the SEC & to Nasdaq, if you're a CYOE shareholder: all it takes is 1 share!

Unless the trading volume goes wild (with a run up or down) or the bid/ask gets out of kilter, Nasdaq won't do anything. At today's low volume there's enough big money in CYOE to maintain the share price by trading back and forth, so I'm not expecting "the market" to force anything. Either investors will raise a stink about CYOE's failure to disclose once a seemly time passes (like now!) or CYOE will run out of money ... whichever comes 1st.

IMO, the regulators are asleep at the wheel (otherwise they'd have closed them down sometime ago. Therefore, its the latter ... running out of cash that'll bring 'em down. I still believe the management team want to be able to be officers in public companies AFTER CYOE, so I believe they'll make their disclosures sooner than later (when they're out of cash and the inevitable cannot be ignored or hyped away). It'll look better, like the high point???, on their resumes
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