SI
SI
discoversearch

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.
Microcap & Penny Stocks : CCEE Breaking Out -- Ignore unavailable to you. Want to Upgrade?


To: Parker Benchley who wrote (11791)9/14/1998 2:29:00 PM
From: Parker Benchley  Read Replies (3) | Respond to of 12454
 
All,

Aside from the obvious self-inflicted wounds of a class action suit, does anyone disagree with Counselor Lazzaro's letter?

I certainly don't.

George



To: Parker Benchley who wrote (11791)9/15/1998 1:50:00 AM
From: VBroady  Read Replies (2) | Respond to of 12454
 
Please read posts on CCEE on Daytraders.com - stocktips.

One day (before I'm pennyless, hopefully) I'll ponder the old saying "if it sounds too good to be true, it is."

I will stop reading other people's hype and getting excited -- after all these guys have so many "facts," a history of successes, more stock knowledge than me, etc.

Stocks I have taken the time to cautiously research myself have done fair to good, all others, suck.

On another noteI believe that when a company is being run into the ground, and the principals still take large salaries/bonuses -- it is like saying "f**k you" to the stockholders.

I'll will be paying close attention to the portion of the Q3 that details salaries/bonuses for principals -- especially if Q3 does pan out.




To: Parker Benchley who wrote (11791)9/16/1998 5:30:00 PM
From: Parker Benchley  Read Replies (1) | Respond to of 12454
 
Worth Repeating:

All,

FYI

I received a fax from Lance Lazzaro giving written permission for anyone to publish his below letter to Computer Concepts Corporation c/o George Aronson.

The below letter is in it's entirety.

George

==================================================

Lazzaro and Gregory, P.C.
360 Court Street Suite 3
Brooklyn, New York, 11231

Telephone 718-488-1900

Lance Lazzaro
Samuel Gregory*
Randall Lazzaro*
*Admitted in NY & NJ

September 10, 1998

George Aronson Chief Financial Officer
Computer Concepts
80 Orville Drive
Bohemia, New York 11716

via fax 516-563-8085

Dear Mr. Aronson

Please be advised that your company and your president, Daniel Delgiorno, Jr., I
believe, have committed serious misrepresentations with regard to public statements that
your company has made which shareholders have relied upon to their detriment. You
have given an impression to the public at large that 1998 would be a year of profitability
for the first time in the company's history based on operations. Your May 27, 1998
announcement confirmed Wall Street Estimates of $ .57 EPS for 1998. Wall Street
estimates were based on profits from operations and not the sale of a capital asset. Is is
clear by your second quarter 1998 announcement that your previous statement of
profitability based on operations was never a credible announcement and has caused the
share price to directly decrease based on a lack of honesty in your company's
announcements.

In December of 1997, your company made an announcement with regard to British
Telecommunications which stated that the company would receive substantial revenue
from BT in 1998. There has yet to be any revenue generated from BT to date, and yet
you company releases an announcement of substantial revenue. In the early part of
1998, your company also made representations of the profitability from operations for
1998 which I believe made with reckless disregard for the truth. Your investor relations
person, Gary Kolesar, confirmed to myself as well as several other investors,
profitability from operations and not from the sale of a capital asset.

The stock is being punished, not from the market, but from management's inability to
communicate in a fair manner with shareholders in general and the public at large. I have
spoken to a substantial number of shareholders who have authorized me to send you
this letter and demand that a SHAREHOLDER MEETING BE CALLED BY THE
COMPANY FOR REMOVING ALL FIVE BOARD MEMBERS FOR
CAUSE.
this company is accountable to the shareholders of record, and time is of the
essence in requesting a shareholder meeting to discuss the future of the company and the
leadership that the Board of Directors has given it to date.

I believe a compromise may be in order if James Cannavino were given the title of Chief
Executive Officer for the company and nominated for Chairman Of The Board. Joe
Markus is to be made President of the company and nominated for a board position.
Judy Carter will be nominated for the third Board position. Two shareholders of record
(to be determined) will be nominated for the fourth and fifth positions of the board.
Daniel Delgiorno, Sr. and Daniel Delgiorno, Jr. must resign for the company, effective
immediately.

I am providing a copy of this letter to the Securities and Exchange Commission and
NASD Regulators, along with copies of all press releases, which I believe were
designed to mislead the public.

At this point, I have not made a determination of bringing a class action lawsuit with
regard to the misleading statements and will await your reply to this letter.

If you have any questions, please do not hesitate to contact the undersigned.

Thank you for your attention herein.

Very truly yours,

LAZZARO & GREGORY, P.C.

By: [Signed] Lance Lazzaro

LL/tk
via fax and Cert. mail R.R.R.
cc: Securities and Exchange Commission
NASD Regulators