Bill is RIGHT, folks!!!
CCSI continues to behave like nothing more than a stock promotion
scheme and there is plenty more to come!
Have any of you bozo longs bothered to read your annual report? From
the 10K, dated 4/15/99, you can link to freeedgar.com to read it.
Look for "Item 8: Financial Statements and Supplemental Data", which
reads (on about page 51 or 52):
REDEEMABLE CLASS A PREFERRED STOCK,
PAR VALUE $.01 PER SHARE:
Authorized - 1,400,000 shares
Issued and outstanding - 1,380,000 shares
at par and redemption value
SHAREHOLDERS' EQUITY
Undesignated Class B Preferred Stock, No Par Value:
Authorized - 10,000,000 shares
Issued and Outstanding - None
Common Stock, par value $.001 per share:
Authorized - 50,000,000 shares
Issued and outstanding - 15,452,442 (1998)
and 13,814,859 (1997) shares
The fact is CCSI is free to issue 10 million shares of Class B
preferred shares and another 34.6 million shares of common stock.
Sounds to me like one heck of an offering (or dilution, depending on
your position)!
Can't find it? Here's the link to my post on Yahoo, follow to the link to the 10K on free_edgar! Then scroll down a few pages!
messages.yahoo.com
Makes for good reading! Vital advice for the longs! Print it first,
next go get a seat on the toilet, then read it! That will help you
save some money on laundry!!!! You'll thank me later!
Rockin' Robin!
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