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Microcap & Penny Stocks : CBQ Inc CBQI
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To: Kurt N who wrote (443)5/13/1999 8:30:00 PM
From: Ga Bard   of 1101
 
Kurt. with Bernie spinning off all the assets of Citx into indepedent subsidairies and then resigning from the board after being elected to the board I personally do not see how he expects CBQ to cut a deal with him. Heck by the time he is through CBQ gives him a ton of stock and gets no assets that were in the nonbidding letter of agreement.

Talk to Mike about if an excution contract had been delivered or if CBQ ghad gone to Quakertown and done the DD. I was informed no that Bernie was spinning off assests. All he plans to bring into CBQ is Intrapay which Priority One holds the license for the software Intrapay uses and gets royalities on Intrapays revenues. Another words getting Intrapay is not such a great deal.

SO I do not think Bernie is returning calls or even reading the news releases of CBQ. GLP has control of the management and I talked to Rick today. No one ... myself included understand how Bernie expects to get CBQ when he is busy spinning off everything privately that of course he is the CEO and chairman.

Mike is now a director and Rick is in control of CBQ right now. ALso there is someone setting on the bid buying all they can get today for 5.50 a share. GLP is a solid business with 8M in revenues, international contacts and partners, real assets and a real company.

We shall see.

JMO

GB
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