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Technology Stocks : Cayenne Software (CAYN) -- Ignore unavailable to you. Want to Upgrade?

To: Jay Hartzok who wrote (1070)	8/28/1998 1:08:00 PM
From: Chatty	Respond to of 1096

Jay- Yes we did get F-----! I am very disgusted at management for misleading all of the loyal shareholders that believed all along that they really were one of the leading software companies in North America.(As they always stated on their press releases!)Anyway I controlled a lot of stock at an average of 5-6 dollars a share! These guys are no better than any other scamsters on Wall St. Most of these type of companies sell for 2-3-times revenue and Cayenne sells for 1/4 of their revenue- what a joke! And then to turn the screws even harder the preferred share holders walk away 3.4.mil out of an 11 mil deal. These guys knew all along what was going on. It also accounts for all of the insider selling a 1-2 dollars. Oh well maybe someone will start a class action lawsuit. If anyones interested let me know! CHATTY

To: Jay Hartzok who wrote (1070)	8/28/1998 2:11:00 PM
From: G. H.	Respond to of 1096

Jay, I am truly sorry for your loss here, as I am for everyone, myself included. Even though I sold out before this I still suffered large losses. We should have all knew better so I blame only myself, however there is that B.S. line about pleased shareholders that really pisses me off. If the sorry so and so did not have the balls to fess up, he could of at least kept his mouth shut, in retro it almost makes him out to be a damn liar. Anyway I have bought into several real companies at depressed prices, LSI and Atmel, and I have my sights on Compact as well. Live and learn never had such a real meaning before this. Take care Henry

To: Jay Hartzok who wrote (1070)	8/28/1998 8:51:00 PM
From: stock talk	Read Replies (3) \| Respond to of 1096

The best advice I can give is to vote NO to the buy out offer. These are my reasons. Price offered is 0.23 to 0.37 subject to reduction by the amount of any interim financing provided to Cayenne based Sterling Software's credit support prior to closing the transaction and Sterling Software has agreed to provide credit support for Cayenne, allowing Cayenne to borrow up to $3 million for working capital requirements until the closing of the transaction. Any amount that Cayenne is required to borrow under this arrangement will be deducted from the amount payable to common stockholders.(In simple terms, Cayenne's cash position is extremely poor and Cayenne will likely require additional financing to carry it to the closing date. Which means in simple terms all perks and bonuses and golden handshakes plus any and everything you always wanted to buy but couldn't afford will be bought. Who and why would any cayn management have any interest in holding down cost now?? So I think a good guess that they will go thru the 3 million and then some, if so lower the 0.23 to what 0.10?? <2.How much will Cayenne need to borrow? A) It is difficult to predict because the major factor determining the amount of borrowing required is the length of time that it takes to close the transaction. This is dependent on a number of things, including the speed with which stockholders vote their proxies and the length of time that the transaction takes to clear the SEC. If everything goes very well and a sufficient number of votes are received quickly, the transaction could close early in October.> Very simply what they are saying is let us just steal your company and if you don't any costs will come out of your share. I can assure you there are some large funds invested here that just won't roll over. So it almost a certainty that this thing will take long and cost more than cayn is saying. Which leads me to my point if I am to lose 85% of my investment to make someone else rich, I rather gamble the other 15% on a better deal or at the least see that the mismanagement and lies are not rewarded with large golden handshare. If I'm going to leave poorer I like to see management in the same boat. Somebody help out I can't remember the last time I saw management try to sell a company for LESS than the company stock was trading. cayennesoft.com

To: Jay Hartzok who wrote (1070)	8/29/1998 2:41:00 AM
From: jach	Respond to of 1096

no class steerlin and low grade cayeeene do not even have a single grain of courtesy to consider shareholders; 3/8 for stock trading 7/16 -is like being pressed and squeezed out of every single tiny drop one can get out of it; for the 300 employees that translate to a lowly about $35,000 per head; the engs should definitely be ashamed of their management for having this unheard of price per head; in the west coast they typically go for 1m to 4 million$ per employee when acquired, that's may be one of the key point why silion valley is booming; lesson - generosity, courtesy and caring for others always pay off in the long run; not going to be steerlin for too long