OK CYOE FANS. Three leases. One with Curcio of Crescant Communications. One with Apollo Telecom, and one more that we do not know about. What I can tell is that over 90% of CYOE sales came from the sales to Comdisco. We need to know who the third sale was. Now I know why Beeman was fired. He would not sign the 10q. CYOE left this information out about the sales being so large to Comdisco to fraud investors. We need to find the third lease. It may have been NUKO.
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Used for downpayment on equipment leases by companies CYOE gave upfront warrants too. These warrants came from those companies not CYOE. What Comdisco does is accounts receivable financing on the lease. Usually 80%. The other 20 was the down payment or warrants.
("Warrant Shares") on the
following dates: 40,750 shares on March 26, 1998, 78,750 shares on June 26, 1998
and 73,500 shares on September 30, 1998. The Warrants have not been exercised to
date by Comdisco.
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However, in making its determination as to its beneficial ownership of
Coyote Common Stock, Comdisco inadvertently failed to include 193,000 shares of
Coyote Common Stock which it obtained the right to acquire pursuant to certain
warrants (the "Warrants") which were acquired by Comdisco in connection with
certain equipment financing transactions among Comdisco and Coyote, and Coyote's
customers. As a result of the Warrants, Comdisco became the beneficial owner of
an aggregate of 193,000 shares of Coyote Common Stock ("Warrant Shares") on the
following dates: 40,750 shares on March 26, 1998, 78,750 shares on June 26, 1998
and 73,500 shares on September 30, 1998. The Warrants have not been exercised to
date by Comdisco.
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