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Gold/Mining/Energy : Cybersurf (CY.A) - Bridge between 20th & 21st Centuries -- Ignore unavailable to you. Want to Upgrade?


To: Luc Beaugrand who wrote (2126)7/20/1999 11:55:00 AM
From: LABMAN  Read Replies (2) | Respond to of 3243
 
luc

i don't think the significance of today's press release has sunk in
and i guess it doesn't help that nasdaq is down big time today,

from my initial analysis of the press release, its excellent news

1.Cybersurf receives $12 million cash

2. pays CALL NET 7 million FOR networking services.. cybersurf would have to have paid this anyway . this will help with the TORONTO and Vancouver launch

3. CALL NET has warrants to buy 7 million shares at $5.00 a share
over next 3 years, if warrants exercised means $35 million

this is excellent news, and moves CYBERSURF to the next stage of
being a national isp provider .

lm