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


To: redwood who wrote (1220)8/2/1998 7:12:00 PM
From: Sultan  Read Replies (1) | Respond to of 1956
 
Regardless of CMND's specific situation, it is worth while to note that small cap sector is badly beaten. In some cases, the stock should not have reached the highs they did but in other cases, they are trading at low multiples, close to book values etc. Sentiment is not all that great. The link below high lights the state of affairs wrt. small caps.

Message 5379103



To: redwood who wrote (1220)8/2/1998 8:40:00 PM
From: Big Dog  Respond to of 1956
 
Dear Redwood: Regarding your question, Jeff Berry (post #936) provided the following information:

"The amended 10Q covering the 345,000 unregistered shares was filed 6/17/98. Minimally, the quiet period would run 30 days from that
date. However, Mr Duda indicated that it was his understanding that the attorney's were in the process of filing a separate Registration
statement for the 345,000 shares which has not yet been filed. Thus the quiet period could extend 30 days beyond the yet to be determined filing date.

Mr Duda was not certain of which date the attorney's are using to count forward the quiet period or when the quiet period would end. He did confirm that it was his opinion that based on his discussions with the attorney's it would be unlikely that we would hear any news until the CC on 7/28.

Best Regards, JAB"



To: redwood who wrote (1220)8/3/1998 5:55:00 PM
From: Big Dog  Read Replies (1) | Respond to of 1956
 
Dear Redwood: I spoke to Peter Duda today. Lawyers are filing registration papers soon. IMHO, since the subject 345,000 shares (small portion of the IPO) were issued to "someone" without the proper registration having been done, it's probably taking longer than usual because the insurance company (for the attorneys) is negotiating with the "holder." Remember, the shares were issued at a price of approximately $14/share. Those shares are now $3.50. If you were the holder wouldn't you play hardball, so as not to take the loss (i.e., $3.6 million)? The lawyer's insurance company is playing "hardball" so as to minimize the payout. CMND sits and waits (in a quiet period) as all this plays itself out.

Of course, as has already been reported, CMND is being held "harmless" with regard to this registration mistake made by the attorneys.