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Microcap & Penny Stocks : CCEE Breaking Out -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Moze who wrote (9330)2/28/1998 2:07:00 PM
From: *ROSARIO*  Respond to of 12454
 
WELL DR. MOZE, MAYBE IT WILL AND MAYBE IT WON'T. INCLUDED IN MY E-MAIL TO JR. & SR. I ADVISED THAT I WILL BE IN CONTACT WITH THE SECURITIES AND EXCHANGE COMMISSION MONDAY MORNING TO START THE BALL ROLLING. JUST CURIOUS, WHAT ARE YOU DOING TO BRING THIS OBVIOUS RIP OFF TO A CONCLUSION?????

BEST REGARDS



To: Dr. Moze who wrote (9330)2/28/1998 2:41:00 PM
From: Gary Green  Read Replies (3) | Respond to of 12454
 
There is a way to force the board to respond to a removal request:

Funny how concepts begin to gel simultaneously in the minds of differently situated people.

It now appears that there is a growing group who would align themselves with the view that:

If what we were told by CCEE's management concerning the current and future transactions, operations and sales of product IS TRUE, we are excited about the future price appreciation of CCEE's shares and are hopefully convinced that the current share prices are a bargain--but nonetheless, we are UNEQUIVOCALLY CONVINCED that Messrs DelGiorno (both Sr. & Jr.) are impeding the progress of the company and that the board of directors owes the shareholders the clear duty of removing the DelGiornos from positions where they will draw further compensation from, and exert further influence on CCEE.

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The way to force the board of directors to consider the shareholders' demand that Messrs DelGiorno (both Sr. & Jr.) are removed is to actually make a formal demand in a letter addressed to the board of directors, sent by certified mail.

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If those who participate on any of the CCEE private e-mail threads wish to collaborate on the wording of such a letter or to add their name to a shareholders' demand letter, please contact me on the e-mail thread. (I believe it is not appropriate to haggle over words on a forum such as this.)

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Upon receipt of a bona fide demand letter, the board of directors must exercise a form of due diligence to investigate the basis for the demand before it dismisses it or acts upon it. Such a demand is usually needed as a prerequisite to a shareholders suit, but its actual purpose is to AVOID THE NEED FOR A SHAREHOLDERS' DERIVATIVE LAWSUIT since it is designed to alert the board to a problem, and to afford the board an opportunity to comply with the "good business judgement rule" and the fiduciary duty the board members owe to the shareholders.

Obviously, the larger the number of shareholders who join in the formal demand letter, the greater significance it would have. Moreover, if a large number of shareholders did join in a formal demand letter that seriously pressed the board of directors to either act on the demand that Messrs DelGiorno (both Sr. & Jr.) be removed, or to justify its non-action, the board would surely recognize that if it did not do everything the law required it to do, CCEE and each member of the board just might find out how a judge would react.

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The company tells us that it is getting strong. We believe it. Now is the time then for the company to rid itself of parasitic, weak management, and the only way we shareholders have a chance of that happening is if our elected representatives on the board of directors do their duty.

Lets give the members of the board of directors an official opportunity to do their duty
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I LOOK FORWARD TO HEARING THE VIEWS OF THOSE WHO WILL BE KIND ENOUGH TO SHARE THEM. POSTING HERE IS FINE, BUT TO AVOID CREATING A PANIC OR A MISUNDERSTANDING ABOUT OUR CONTINUED SUPPORT FOR CCEE, AND EXPECTATIONS OF A RISE IN THE SHARE PRICE (notwithstanding our disappointment in the DelGiornos), I REITERATE MY SUGGESTION THAT WE HAMMER OUT THE DETAILS AND LANGUAGE (and indeed, if it is wise to even send such a demand letter at this apparently critical time in the history of the company) ON THE E-MAIL THREADS.

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Gary Green

Sidkoff, Pincus & Green P.C.
Attorneys At Law.
2700 ARAMARK Tower
1101 Market Street
Philadelphia, Pa. 19107
phone: (215) 574-0600
fax: (215) 574-0310
personal e-mail: gary-green@usa.net
law firm e-mail: S.P.G@worldnet.att.net



To: Dr. Moze who wrote (9330)2/28/1998 2:51:00 PM
From: Parker Benchley  Read Replies (1) | Respond to of 12454
 
Ruminations On a Rainy, El Nino, Saturday Afternoon In Minnesota

Doc,

Sadly,the ambient sentiment of we shareholders seems to be tuned to the same minor concert key. We're all just trying (in our own ways) to reach what appears to be the unreachable at the moment.

A Couple Of Weekend Thoughts

A very nice fellow from another thread sent me Faulkner's Nobel acceptance speech [edited] that I've put with the following quotation from James Joyce. Since we're all communicating in this cyber medium of the written word I think they're both appropriately applied to all of us here who are making a sincere effort to connect. Just making the effort makes us all poets and writers.
(Not that I presume to speak for Faulkner, but please accept the pronouns his and man a generic to gender.)

Looking to the best this coming week for all of us.

George

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"The poet's, the writer's duty is to write about these things.
It is his privilege to help man endure by lifting up his heart, by reminding him of the courage and honor and hope and pride and compassion and pity and sacrifice which has been the glory of his past. The poet's voice need not merely be the record of man, it can be one of the props, the pillars to help him endure and prevail."

~Willaim Faulkner


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"Better Pass Boldly
Into That Other World
In The Full Glory And Passion For Life
Than Fade And Wither Dismally
With Age>"


~James Joyce