Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Corel Corp. -- Ignore unavailable to you. Want to Upgrade?

To: micromike who wrote (9399)	6/21/2000 11:33:00 AM
From: opalapril	Read Replies (1) \| Respond to of 9798

Cowpland "subdued?" Uh-oh. Tip-off. The financing looks screwed. Corel's books probably don't look any better to Canaccord than they did to Imprise. I don't see any way out for Corel short of a huge corporate welfare grant from the Government, which is highly unlikely since it is prosecuting Cowpland for his nefarious insider trading activities. At the present burn rate the company has maybe 5 weeks left until lights out. All the cost cutting in the world isn't going to take effect in time to extend that more than a couple of weeks. Maybe Cowpland could hold a quick garage sale for WP, but otherwise it looks like they're closing the doors. And what timing! Just before Cowpland goes into the dock he screws investors again, including some Canadian jurors.

To: micromike who wrote (9399)	6/21/2000 4:26:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 9798

Anyone here willing to venture a prediction that Canaccord is putting the screws to Cowpland before consumating their financing agreement? That's what I would do, were I them. Get CORL locked into my financing offer and then dicker for terms that would provide more security for my capital, namely the managerial shakeup that shareholders are demanding. Cowpland's resignation or demotion could easily be worth 4-5 points for CORL, and would equate to Canaccord locking in a nice profit permium. Regards, Ron

To: micromike who wrote (9399)	6/22/2000 3:33:00 AM
From: Kashish King	Read Replies (1) \| Respond to of 9798

Cowpland announced that everything was "perfect", then this toxic equity financing deal was announced. So then they let the due date pass which allows them to sell even more newly minted shares: them must have tripled the dilution which we all know was bad enough. During this period, the entity who bought the shares is publicly touting the company with Bozo the Cowpland making more irresponsible statements about the company's wonderful situation in the background. All the while this stock is doing its best bungee cord imitation during some of the wildest manipulation I have seen in years. All that activity and all those dollars just changed hands over a press release with nothing to back it up but continued silence. The irony is that this magically vanishing deal would have likely ended in the company's liquidation.