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Gold/Mining/Energy : Capital Alliance Group - CPT (CDNX) -- Ignore unavailable to you. Want to Upgrade?

To: Crazy Canuck who wrote (377)	5/10/2000 2:16:00 PM
From: keith massey	Read Replies (1) \| Respond to of 960

CPT would have received the majority of their letter's of intent when the NASDAQ was trading in 4700-5200 range during the month on March. I am sure many groups were VERY paper rich at that point in time and fully intended to honour their letter of intent with CPT/SEG. Well a little more than 1 month later the NASDAQ is off 35% from its high and many tech. stocks are off more than 70-80% from their recent highs. I would expect that many of the PAPER rich investors are now not quite as flush as they used to be and just don't have the funds available to honour any letter of intent given to companies, even if the deals have great potential. In addition, other investors might have got spooked by speed and size of this latest drop and decided to sit on the sidelines on all of their investments. However even with these factors CPT has already closed 75% of the private placement and even in this current market they have received letter's of intent to invest in this round of financing and the IPO round. Best Regards KEITH