Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Command Systems, Inc. (CMND) -- Ignore unavailable to you. Want to Upgrade?

To: bornstei who wrote (495)	5/3/1998 11:17:00 AM
From: rainwater	Read Replies (1) \| Respond to of 1956

Steve: Your guess is as good as mine. I sure wish I was a mind-reader!! but failing that and still having had some success understanding greed and fear I will stick with what I know best. I am more concerned to ensure the logic behind our actions is sound. I usually hold for 3 years. My gut tells me this stock rose with greed and has dropped with fear and today is much below a sensible valuation. The next 3 qtrs will confirm or prove me wrong... in the mean time since I was in "accumulation" mode this is an "opportunity" until something "proves" it is not. I am right at the back of this herd and cannot tell a. why the herd need run - I know it is running b. where the herd is headed - most likely to Amazon.com/Netspeak so help me here Following earlier discussions here on "fishinees" or the un-preparedness of those analysts: remember that one guy kept asking that he couldn't understand the caluclation pf EPS? The 1-time preferred dividend was stated upfront in the prospectus (see below) or am I mistaken? now i didn't note this but if I were analysing CMND for my living :-( - and they don't analyse more than 10 each. would appreciate your comments: from COMMAND prospectus: DIVIDEND POLICY The Company has never declared or paid any dividends on its Common Stock. The Company is, however, obligated to pay a 10% dividend on its Series A and Series B Convertible Preferred Stock and intends to pay such accrued and unpaid dividends with a portion of the net proceeds of this offering upon the Preferred Stock Conversion. Following the Preferred Stock Conversion, the Company does not anticipate paying any other cash dividends in the foreseeable future and intends to retain any earnings to fund future growth and the operation of its business. Under the terms of the Company's revolving line of credit with People's Bank, the Company is currently prohibited from declaring or paying any dividends, other than payment of dividends to the holders of its Series A and Series B Convertible Preferred Stock provided that no event of default exists. See "Risk Factors--Absence of Dividends," "Use of Proceeds" and "Management's Discussion and Analysis of Financial Condition and Results of Operations--Liquidity and Capital Resources."