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Microcap & Penny Stocks : CSHK CASHCO MANAGEMENT Y2K -- Ignore unavailable to you. Want to Upgrade?


To: John Chapman who wrote (4983)7/31/1998 12:21:00 AM
From: Michael Sphar  Read Replies (1) | Respond to of 7491
 
Hi John, Have you noticed the new "Disclaimer" notice placed prominently next to the subject title of this thread, and I presume all such penny stock threads ?

Perhaps you should cull through it and capture the essence of its "protection" verbiage to be included with your frequent displaying of the CASHCO Summary. Just a thought, a little self protection isn't necessarily a bad thing. You have heard I assume of the recent crackdown efforts being headed by the SEC. If not take at look at the MTEI thread. The SEC has already taken action against trading in that company pending their further investigation.

Here's the full text. I bolded the part that I think might be germane:

The Securities Exchange Commission has expressed concerns that the stock
price for companies with small market capitalization (also known as "small cap",
"micro cap" or "penny" stocks) may be particularly susceptible to manipulation.
Therefore, you should carefully evaluate the information posted by other members about such stocks on the Five Dollars And Under discussion threads, as well as on other Silicon Investor threads. Silicon Investor assumes no responsibility for the accuracy, currency, completeness or usefulness of information in any material on its site and it does not endorse any opinions or recommendations posted by members, nor does it give tax or investment advice or advocate the purchase or sale of any security or investment.



To: John Chapman who wrote (4983)7/31/1998 1:11:00 AM
From: John Chapman  Read Replies (3) | Respond to of 7491
 
CASHCO SUMMARY:

Cashco Management, Inc. (CSHK) is planning to begin sales of three products in August. Based on orders in hand and pending, the company is confident in projected earnings of $.03 per share for the period ending Dec. 31, 1998. There are 22.4 million shares outstanding. The first product is a flushable cat litter made from wood by-products to be marketed by August under the name Paws Only. I understand that the company plans to have $15m in sales of the cat litter over the next year (Aug 98 - Aug 99) and $5m in profits. Sales of the litter should begin in early August. One of the plants in Show Low Arizona is producing the litter now and should have the bags by perhaps July 31 to begin pachaging and shipments. There are three other plants that will come on line as the need arises and many other sites have the capability as well. The plants are centrally located to their market area to reduce shipping cost. The first shipments will be to California and then the Northwest and then elsewhere as markets are developed. Next, is a Y2K software program that analyzes computer software and hardware and reports the changes needed to enable them to function after year 2000. An initial order by Zitec International Limited with Cashco for 40,000 units @ $25.50 per unit was announced on June 2, 1998. On Jul 27, 1998, the company announced that distribution of the first 10,000 units of the order had begun. See the release at exchange2000.com. Information on purchase of the Y2K software is found at zitec.com. A free evaluation version can be downloaded at the site. Credit Card orders of the full version can be made at zitec.com. A full version via download from the web site is planned. The third product is is a chat type software program that will provide Enhanced Personal Communications including such features as Real Time Friend/Contact Online Awareness, Real time text chat interface, whiteboard, and Real time file transfer. When completed it will include eight significant features. Sales are planned to begin in August. CSHK is a BB stock and does not report now. The company is actively involved in applying to the SEC to be a reporting company. This was recently confirmed on July 30, 1998.

More information can be obtained by calling Cashco Management Inc., Alan Laffkas, President, 610-458-9540 or The Pinnacle Group, New York, Mark Cohen, 718-428-7651. Press releases are at exchange2000.com

THIS POST IS UPDATED AND REPEATED FOR YOUR READY REFERENCE
We are shareholders who have a personal interest in seeing the company succeed and seeing substantial share price appreciation consumate with the large risk we are taking. We are trying our best in every way we know to personally verify information before posting it. A great deal of the information is obtained from company representatives so please call them to discern for yourself its accuracy. Also, as I have posted peviously, this is a BB stock which carries a lot of risk as all BB stocks do and potential investors should do their own DD and make their own decisions. This is a new company just starting to make sales and I would not bet the farm or even a pony one needs to ride at this time. They seem to have a promising future and if you make an investment now, you are speculating that those promises will come true.