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

To: tech who wrote (1976)	1/6/1998 10:56:00 AM
From: feltburner	Read Replies (1) \| Respond to of 3391

Since you've repeatedly stated that ALYD's Reg. S offerings WERE a slap in the face of shareholders, I take from your comment that YOU ARE ADMITTING that the repricing of Bishop's options WERE a slap in the face to CSGI shareholders. -Felt Burner

To: tech who wrote (1976)	1/6/1998 11:18:00 AM
From: angel	Read Replies (1) \| Respond to of 3391

Mr. Tech Genius, can you please explain to me why you think CSGI likes to slap their shareholders in the face because if I wanted to know about other companies I would go to another thread. Here's another interesting slap. USE OF PROCEEDS Of the estimated 2,898,986 shares of Common Stock offered hereby, an estimated 211,416 shares are being sold by the Company upon conversion of $1.0 million in convertible notes and 2,687,570 shares are being sold by the Selling Stockholders. The only proceeds to the Company upon conversion of the outstanding convertible notes will be the discharge of $1 million of long-term debt. There can be no assurance that the convertible notes will be converted. The Company will not receive any proceeds from the sale of Common Stock by the Selling Stockholders. CSGI has an accumulated deficit of 19 million dollars and the insiders are lining up to cash in about 15 millions dollars in stock by dumping almost three million shares and the company, meaning also the lowly shareholders here on SI get no benefit and have to watch the stock go to pennies? No wonder why there is an open NASD investigation about how this company gives away stock.