To: TraderGreg who wrote (7493 ) 6/8/1998 1:15:00 PM From: carolm Read Replies (5) | Respond to of 11708
When I get nervous, I do DD. I felt there was very little info. on LPS, so I have made some calls. There is a Life Planning Group in Pittsburg that is marketing the LPS course. There are at least three people in the office since I spoke with three of them. They seem quite busy and said that sales were going very well. They couldn't speak to me about specifics, and referred me to Mike. They did say they expected an announcement to come soon, and after that would be more willing to talk with investors. But prior to that they had been instructed not to. I actually had a very long chat with Mike, and came away from it with a much better feeling about CSMA than I was harboring before. Mike has attended a recent board of directors meeting and was very enthused. He couldn't go into specifics, and reminded me that they had never been expecting much in the way of financial results until the next fiscal year, but said that AdHatters contribution for the year was impressive and put them ahead of projections at this point. LPS will start contributing this current quarter. And he seemed quite pleased about the progress of the well even though he wouldn't say anything specific, he thought we would all be very happy by the end of the year. Mike is extremely careful not to say anything that might be construed as hype. He is very conscience of being a public company and not wanting to get into any hot water with the SEC. He said that the move to BUFF entails filing audited statements, and since they won't have them for 6-8 weeks from the end of May, this is what is holding them up with the move. From what I understand, I think we can expect some positive announcements when everything is ready for the move. That was good news to me. Carol