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

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To: kennny who wrote (26877)4/5/1999 3:35:00 PM
From: Wolff  Read Replies (1) of 122088
 
CYOE is like an airplane in still flying but upon closer inspection it is noticed that all the 3 engines have fallen off and the 4ths is smoldering and looks like it is about to blow up. (ie just matter of time until the thing is coming down. Most of the long passenger are already off but the crew will be bailing out in very interesting ways.

Here easy issues that they need to address, this leaves out all the indepth stuff.

1. Status of cash flow, SEC docs said they did not have significant sustaining funds after 3/31 so they were looking for a loan. "he Company's planned capital and operating requirements through March 31, 1999. Thereafter, the Company's operations will need to be funded either with funds generated through operations or with additional debt or equity financing."

2. The status of this loan commitment, they announced back on 2/18.

3. Status of the planned merger or payoff to Systeam

I figure they need to do PRs right now, but with CYOE who knows
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