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

To: feltburner who wrote (2187)	1/16/1998 9:22:00 AM
From: Richard Dunaven	Read Replies (2) \| Respond to of 3391

Feltburner, For some reason I had not read your note 2187 before my 2188. Your apology is accepted and please disregard my note 2188. I'm sure your intent was not malicious and you were just trying to be informative. There is a lot more misinformation printed on this board than what you printed which is why people should do more homework prior to posting. Atleast you are man enough to own up to it. Ric D.

To: feltburner who wrote (2187)	1/16/1998 2:21:00 PM
From: angel	Respond to of 3391

Item 2. CHANGES IN SECURITIES On September 29, 1997, the Company sold 900,000 shares of Common Stock in a private placement for gross proceeds of $5,276,250. In connection with this offering, the Company paid the following finder's fee: approximately $185,000 in cash and 31,500 shares of Common Stock. The net proceeds of this offering were approximately $5.1 million. The securities were offered and sold exclusively to "accredited investors," within the meaning of Rule 501 under the Securities Act of 1933, as amended (the "Act"). In October 1997, the Company issued 30,747 shares of Common Stock in payment of indebtedness in the aggregate amount of $250,575. The sale of all of the foregoing securities was exempt from registration under Section 5 of the Act, pursuant to Rule 506 of Regulation D promulgated thereunder. The facts relied upon by the issuer were as follows: all the investors were "accredited investors," within the meaning of Rule 501 under the Act; the securities were not offered or sold by means of general solicitation or advertising; investors were provided information about the Company and given the opportunity to ask questions of and receive answers from management of the Company; and the issuer took reasonable steps to assure that the purchasers were not "underwriters" within the meaning of Section 2(11) of the Act. What does this mean? Will we not be able to know when people are selling by looking for form 144s????