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

To: tech who wrote (1671)	12/23/1997 4:34:00 PM
From: Trader X	Read Replies (1) \| Respond to of 3391

CSGI writes such harsh disclaimers because... They are living hand to mouth, month to month, barely surviving by finding new private placements as cash infusions, like a junky. They are in fact able to find these new sources of private placements only by offering huge risk/reward ratios, making them but a small potatos bet by institions willing to make a risk of a measily $1 million on the chance of hitting a big payout. They are strapped for cash and warn repeatedly that if they don't get it, they may not be around anymore. From their quarterly report: "The failure of the Company to raise sufficient additional funds, either through additional financing or continuing operations, will have a material adverse effect on the Company, its business and the price of its stock. The issuance of additional equity securities or rights to acquire equity securities will dilute the interest of the current stockholders of the Company." LEGAL PROCEEDINGS The National Association of Securities Dealers, Inc. ("NASD") in December 1996 advised the Company that it is conducting a routine review of trading in ConSyGen-Texas' common stock following the acquisition of ConSyGen-Arizona. The NASD made a written inquiry of the Company, to which the Company responded in writing in January 1997. The NASD made inquiry with respect to, among other things, a private placement by ConSyGen-Arizona, the acquisition of ConSyGen-Arizona by ConSyGen-Texas, and the issuance of common stock by the Company during 1996. The NASD has not yet responded in writing to the Company's written response. Although it is not possible to determine the outcome of this review, the outcome could have a material adverse effect on the Company and the price of and trading market for the Company's common stock." Get a NASD listing? CSGI may be lucky to even keep a BB listing! The muck gets deeper every month. -Kevin