SI
SI
discoversearch

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 : CSGI ...READY FOR TAKE-OFF! -- Ignore unavailable to you. Want to Upgrade?


To: Richard Dunaven who wrote (1256)11/18/1997 9:57:00 PM
From: Ted Pacitti  Read Replies (2) | Respond to of 3391
 
Richard...Thanks for your input.....I am not quite sure why people take so much of their time to accomplish nothing.

Ted



To: Richard Dunaven who wrote (1256)11/18/1997 10:59:00 PM
From: Tech Master  Read Replies (1) | Respond to of 3391
 
Ric D.

Please contact the company and find out the conversion schedule for the Reg. D shares and then post it here. 900,000 shares is a significant number of shares and could influence this stock in a significant fashion.

In my opinion angel hasn't posted anything which warranted your hostile response. Isn't it possible that she was confused about Regulation D shares? Until the schedule for conversion is publicly known, it would be prudent to assume the worst case scenario for the convesion schedules.

There are many in the technical community that have a huge problem with the claims of automation made by this company. Are you going to threaten to sue them as well when there are discussions on technical issues? Or management? Or this company's organization?

In my opinion, shareholders have been misled for quite some time on this thread. Thats my opinion.... are you going to threaten to sue me too? I am turning over every stone, looking in every corner, examining every filing, questioning every technical claim, and researching every other element concerning this company. It is quite possible that you will not like the outcome. Its how I do my due diligence. I will be happy to share the results with you.... and I will.

I only want to find out the truth.... because the truth shall make you free.

Sincerely,

Tech Master




To: Richard Dunaven who wrote (1256)11/18/1997 11:39:00 PM
From: HERB MILLER  Read Replies (2) | Respond to of 3391
 
Thanks ! That needed to be said. There are alot of investors
who are tired of the bull shit so we just stay off the thread.
We all believe in free speech , but this is getting pretty sad.
I used to think SI was a good forum, use to. Ya, I know, if I
don't like the bull don't post here. Ok, I won't. BUY the way
at these prices I like CSGI and am buying LONG.

See ya at the Millennium. Tired of the BULLSHIT



To: Richard Dunaven who wrote (1256)11/18/1997 11:58:00 PM
From: angel  Read Replies (1) | Respond to of 3391
 
I share your frustration Richard. One moment someone is telling me there are good things to come and the next moment the same person is calling me a snot nosed punk. We should stick to the facts. First I want to respond to your questions and then I want to offer some ideas.

a) I don't do TA beyond knowing how to read a chart. I beleive Tech is the one who is trying to use TA on this stock so maybe you are right that he should put it aside in this case. Please ask him not me.

b and c) If Reg D is not putting pressure on this stock are you not worried that it is falling like a rock anyway? What happens when pressure comes?

d) I recall that ZITL can do 2-4 millions of lines of codes in a day, which is much more than CSGI, but I dont have any real evidence to that proves it. Thats an important point because I would not trust what any Y2K company says. Maybe there is a third party that measures these things?

Now as to my ideas. I have decided to go back and read everything that I can find on CSGI on the SI. I have found these threads using a search:

CSGI ...READY FOR TAKE-OFF!
Forum: Software , Replies: 1259, Latest: Nov 18 1997 10:59PM

Fully Automated DICK's Thread:ALYD vs CSGI
Forum: Software , Replies: 0, Latest: Nov 14 1997 7:15PM

Consygen (CSGI) News Reference Thread
Forum: Software , Replies: 32, Latest: Nov 6 1997 12:32PM

CSGI-THE REAL Y2K SOLUTION
Forum: Five Dollars and Under , Replies: 4, Latest: Feb 26 1997 10:57PM

CSGI-- Short-Seller's Dream!
Forum: Five Dollars and Under , Replies: 7, Latest: Feb 18 1997 1:25AM

ConSyGen - Strange happenings?
Forum: Software , Replies: 109, Latest: Feb 2 1997 1:03AM

That is a lot of threads for a stock that has no revenues dont you think? Maybe since you are a longtime stock holder you can tell me why you like this company. Yes I think there is a lot of money to be made in Y2K but why with so many companies that are making money did you choose this one?

I am now going to start doing some research and get some insight what makes people like this stock. I hope we can have a civil discussion about it! Thank you for helping me in advance!



To: Richard Dunaven who wrote (1256)11/19/1997 4:33:00 AM
From: tech  Respond to of 3391
 
Richard, a few things these posters didn't want to mention.

1. Reg S. offerings are a double whammy, that is, not only do they promote shorting due to the way they are converted, but they do not even come out of the total outstanding. When a Reg. S. shareholder converts his shares, they are NEWLY ISSUED SHARES !!. You have instant dilution.

On the other hand, Reg. D. shares come out of the outstanding and are registered by the company.

2. In the latest press release ConSyGen stated that:
"we have a truly incredible toolset that has the capability to correct up to three million lines of code overnight."
biz.yahoo.com

3. ConSyGen is one of the only companies to have started, finished, and successfully tested Y2K project. The Millennium project was one of the first projects done, I think probably the only project ever done, with an Fully-automated tool that contained NO ERRORS and the code was put back into production.

4. With the 3,000,0000 line Merril Lynch/ LSI contract CSGI has proven to the world that you don't need hundreds and hundreds of employees to successfully bid for and win conversion projects.

5. Our alliance partner AGISS, is getting ready to announce some major projects with the Canadian Gov.

6. ConSyGen is the only company I know of that can find and convert code AUTOMATICALLY, addresses many different environments, do windowing or field expansion both for the same price, convert millions of lines of code overnight, address the Language, Screens, DATA, and Operating System, expect a ZERO error rate, and add capacity without having to add additional personal.

7. With only 30 people, even if they were all getting paid $50,000 each, ConSyGen's payroll expenses would only be approx. $1.5 million per year. Even if we add another $2 million for overhead and other expenses, the total burn rate would be approx. $3.5 million per year.

Ask yourself how much code does CSGI have to convert to break even ?

Even at a ridiculously low price of $.25 per line, CSGI would only have to convert 14 million lines of code to break even.

Everything else goes directly to the bottom line. AGISS could, by itself, provide ConSyGen with 100 million to 200 million lines of code. Lets not even mention what SCBI, Millennium, and the contracts won directly by ConSyGen should provide.

8. The stock is going down, simply, because their is a seller in the market. The MM's know that, we can see that. They will take the price as far down as they need to. Once they feel the seller has been taken out, they will push the stock back up.

9. You will see that the posters on this thread CAN NOT talk about the issues. The only course of action they have is to make personnel attacks. The main reason they don't and can't discuss issues, is because if they do they will see that CSGI has the best solution on the MARKET.

10. The lack of companies coming forth industry wide and committing to fixing their year 2000 problem will now surely cause a huge bottleneck. Any hopes of avoiding this by early awareness and commitments have now come and passed. This bottleneck should start to show its head by Q2 of 1998. At that time both time and resources will be put under tremendous pressure. The body shops will be forced to raise their prices, the so-called automated houses who go out and hire hundreds and hundreds of people will also have to raise their prices. WHO DO YOU THINK IS GOING TO BE THERE TO SAVE THE DAY ?


What company can add to their capacity without adding staff ?

what company can accurately convert millions of lines of code overnight ?

What company can keep their prices down and underbid the competition, because their overhead can be kept in line.

What company can do conversions remotely ! that's right, what company is able to direct the conversions from its home base, without the need of setting up local operations or programming staff?


let me give you a small hint > ConSyGen