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To: Jim Bishop who wrote (8331)8/29/1999 3:56:00 PM
From: mike mulhearn  Respond to of 150070
 
I like this on CDNO.

Pettycash Stock Picks: Message #63

Date: Aug 23 1999 23:45:13 EDT
From: "Pettycash Stock Picks" <petycash@bellsouth.net>
Subject: CDNO.... The Final Chapter???

Through it's filing of the 8-k and 10Q... The company has for all intense
purposes become a clean shell..

Link to the 8-K
edgar-online.com

Link to the 10Q
edgar-online.com

So lets review what we know....
1) Large accumulation, 23 million shares... Some how conected to a
resticted shareholder....
2) 144's almost immediately filed to announce the intent
to sell... Same investors who just bought 23 million shares
plus the old restricted shareholder are positioning themselves for a
significant increase in the share price..
3) CEO Bagley purchased a million shares on 7/9/99...
4) The Company has become a clean shell ....

Now ask yourself if your company met the following description.
"publicly traded canadian steel company that has revenues in excess of
350 million us$.... They have positive earnings.. Six month (6/30/99) net
income of 5.9 million, six month eps of .50..."
Why would you want to reverse merge into CDNO???

What's in it for the canadians?????
1)Easier access to American steel markets...
2)US publicly traded co, easier & faster to get listing
on the "big" boards....
3)Tax loss carry overs of approx 38 million dollars, estimated
cash value 9.5 million dollars....
4)Access to 200 million dollar loan.... The loan is only accessable
if these two parties join together....

What's in it for CDNO....
1) Stockholders will see significant increase in stockholder value
both short and long term...
2) Top Management will get positions in the new CDNO, Bagley, imo,
will be turned loose to start aquiring more companies....

So in summary, my opinion on todays SEC filings is they are one of the
last steps towards the ultimate finalization of the DEAL.....

Please remember to always do your dd.......

God Bless, Good Luck and as always Good Trading......

PC

Disclaimer: Pettycash Stock Picks, Pettycash or anyone associated
therin,have never recieved any compensation from any company. Pettycash
Stock Picks, and Pettycash, are not Broker/Dealer or Investment Advisor as
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at any time. It is strongly recommended that any buy or sell stock
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events relating to the profiled or posted company will occur as
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or posted company.






To: Jim Bishop who wrote (8331)8/29/1999 4:00:00 PM
From: mike mulhearn  Respond to of 150070
 
And if you think that is crazy then why this?

stockhouse.com




To: Jim Bishop who wrote (8331)8/29/1999 4:13:00 PM
From: mike mulhearn  Read Replies (1) | Respond to of 150070
 
And this chart with the insider buying

tscn.com



To: Jim Bishop who wrote (8331)8/29/1999 4:25:00 PM
From: LawStor  Respond to of 150070
 
Well I see I posted info on wrong thread, sorry IA.

Best Regards,

LS



To: Jim Bishop who wrote (8331)8/29/1999 5:08:00 PM
From: Jim Bishop  Respond to of 150070
 
PRINCELY SUM NOT ENOUGH FOR WALL ST. INVESTMENTS
By JAMES B. KELLEHER

Prince Alwaleed bin Talal, the Saudi billionaire,
says the U.S. stock market is still way too rich for
his blood.

The Prince - one of the world's 10 richest men,
with a net worth of more than $14 billion - said he
is wary of any new investment because he
believes Wall Street is about to take a fall.

The 44-year-old prince has built a reputation as a
savvy value investor and holds stakes in Citigroup,
Apple Computer and News Corp., which owns
The Post.

"The market is overvalued," he told Bloomberg
News during an interview on his 281-foot yacht
anchored off Cannes, France.

"The slightest scare will cause a major correction."

The Prince built his Midas reputation in 1991,
when he invested $590 million into Citicorp,
which was than mired in bad real-estate loans and
problems in Latin America.

When Citicorp an033 . 0002.08nounced its
merger with Travelers earlier this year, Alwaleed's
stake was said to be worth a whopping $6.4
billion.

In 1995, he invested $80 million in Canary Wharf,
a then-troubled business development outside
London's financial center. Today, Canary Wharf
is the city's hottest address and his stake is
reportedly worth almost $220 million.

That keen eye has prompted some to compare
him with Warren Buffett, the Omaha investor
behind Berkshire Hathaway.

When Alwaleed invests, he buys big, normally
snapping up a 5 percent stake in the companies
that catch his fancy.

Apple Computer, Motorola, Donna Karan
International and Teledesic are all part of
Alwaleed's portfolio, which he manages from
inside his $200 million palace in the Saudi Arabian
city of Riyadh.

But whether he's investing or speculating, the
prince, a practicing Muslim, insists he never
invests in tobacco or alcohol stocks.

033 . 0000.00Still, a substantial chunk of the
estimated $500 million Alwaleed made last year
came from trading rather than investing, as the
Prince made like a day trader and bought and
sold shares to take advantage of intraday
volatility.

And even though he says he's on the sidelines in
the stock market today as far as investing is
concerned, it's clear he's still doing a fair amount
of trading.

He told Bloomberg, for instance, that he made
$20 million last month trading stocks, though he
refused to say what stocks he traded.

Alwaleed has picked some dogs over the years.
Among his worst choices have been Planet
Hollywood, Euro Disney and Proton, the troubled
Malaysian car manufacturer.

He told Bloomberg yesterday that he's particularly
leery of Internet companies, which he says are
preposterously overpriced.

"I won't get into Yahoo! at these crazy
valuations," he said.033 . 0000.00 00000