To: James Bowser who wrote (379 ) 11/13/1997 8:31:00 PM From: franco Read Replies (4) | Respond to of 11708
James, you gotta call either Mike Millis the company spokesman @ 1-800-733-0087 or James Dryer at GFC communications @ 1-561-655-7575. I think I'll call GFC tomorrow and tell them they should start putting the contact #'s on the NEWS RELEASES like other companies. Hey I got more GOOD NEWS today- TOP SECRET -for BROKERS ONLY. Not important enough for a news release. Heres a summary(slightly abridged and xxxxx'ed for confidentiality)- ______________________________________________________________ Chairman returns 90,000 shares to company treasury. HK Elrod reported that he has voluntarily cancelled 90,000 shares of CSMA 144 restricted stock that he received last year in exchange for his interest in a deep gas well in Wyoming because a joint venture partner, xxxxxxxxxx, failed to meet its commitment to fund the necessary rework. With re-work, the well could have netted the company a very good monthly revenue. Both the purchase and divestiture were approved by the board of directors with Mr. Elrod abstaining. Mr. Elrod says that given that CSMA cannot show the reserve value, and there has been no revenues coming to the company from the well for more than a year, he should cancel the transaction to benefit the company. He said "Our stockholders have been very loyal to the company even at a low of .15/share. Now that we are on the upswing why should CSMA have a non-paying asset with little or no value on the books? A salvage of $50000 is the best the company could report and CSMA does not need any more stumbling blocks. I will personally initiate legal collection proceedings against xxxxxxxxx to recover my loss on the well" The good news to shareholders is the reduction in the total shares outstanding and the removal of a burdensome property. The company will also not have to incur the legal cost to go after xxxxxxxxxxx. This action also shows Mr Elrod has the best interest of the company at heart(by giving up over $xxxxxx in stock and taken on the liability of the well). END OF NEWS ____________________________________________________________ Hey, we got us here a REAL CEO, putting the interests of the stockholders FIRST. Those people from Utah SURE ARE HONEST FOLK I tell ya. So when they say they're gonna STOP SHORTY and go for that NASDAQ listing @ $4, YOU KNOW THEY MEAN WHAT THEY SAY AND SAY WHAT THEY MEAN. They've already stopped Shorty, now with this news tid-bit we see they're pushing away all the STUMBLING BLOCKS to putting out squeeeky-clean financials in just 9 TRADING DAYS at the HAPPY SHAREHOLDER MEETING. With HONEST FOLK at the controls, ROCK HARD fundamentals (like the $700K revenue hole turning into the $52 revenue hole, the $200 mil value ERHC deal, and the Pickens oil experts pickin out GU$HERS in New Mexico), and A STOCK PRICE MOVING UP AT AN ACCELLERATED PACE- Bid started the week @ .48, ended @ .70 Tuesday, ended @ .89 Wednesday, and $1.19 today- There just ain't no stoppin' this Coconino Locomotive $TUFFED FULL OF BIG HEFTY BAG$ OF CA$H on its way to 10-BAG CITY, ARIZONA!!!!! Shorty couldn't stop C$MA, the little guys profit-taking couldn't stop C$MA- the core shareholders and big buyers are loyal and are GONNA KEEP ON BUYIN' because they know THE VALUE of the company is OVER $10, and are GONNA SQUEEZE SHORTY TIL HE PAYS $20!!!!!!!!!!!! Now in a very similar situation in July, take a gander at the ERHC Chart when it was DISCOVERED, and C$MA has the SAME PUBLIC AFFAIRS people and has done a $200 mil deal with ERHC. CONNECTIONS and BIG BUYERS galore! Took people just a couple weeks to see the VALUE of ERHC and the stock went from .30 to $5 WITHOUT EVEN A SHORT SQUEEZE!!! And what we got here at C$MA is the MOTHER OF ALL SHORT SQUEEZES pushin' this one STRAIGHT UP!!! GOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO C$MA!!!!