CustomTracks Corporation (CUST) Message Board

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Technology Stocks : CustomTracks Corporation (CUST)

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To: levy who wrote (602)	6/6/1999 11:34:00 AM
From: Rajiv	Read Replies (2) of 2514

The firm is Lante. It does not have any known background in the DSS field (which is very specialized). BTW, the 2 MM figure (as of March 31, 99) includes some payments to Lante. It does not include the part which CUST is trying to capitalize by giving options to Lante. IMO, some of the red-flags in this story - - CUST has spent very little money. This money will take you to the drawing board of a venture which will most probably not be successful. They are planning on spending only 20-30 MM for this project. Good money but not enough to develop into the leader. The barriers of entry to a wannabe-level might be small but they are vastly different for leadership status. - CUST has a track record of dropping/changing business plans. Just like the customized-CD business was hyped up (just read the posts on this thread), the internet transaction and DSS project might suffer a similar fate. - If spending 20-30 MM on a project can lead to 3.5 billion market cap (100 fold returns), I wonder why Lante (which supposedly has the expertise) did not start on this venture itself. The short-sellers on this thread have seen similar stories played out before their eyes. They are unlikely to be fooled. Regards. Rajiv

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