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