Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Coyote Network Systems (CYOE), Mixing It Up, IP and ATM -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (152)	2/20/1999 11:51:00 AM
From: av8r	Respond to of 360

Bear Down and Skane, CYOE has undergone numerous name changes. The last from Diana Corp to CYOE after Diana was delisted from the NYSE. I assume it then became an OTCBB, changed name to CYOE, then was placed on NAZ: COYOTE NETWORK SYSTEMS INC Form: NT 10-K Filing Date: 6/29/98 SELECT FONT SIZE 1 2 3 4 SUBMISSION: ACCESSION NUMBER: 0000057201-98-000016 TYPE: NT 10-K PUBLIC DOCUMENT COUNT: 1 PERIOD: 19980331 FILING DATE: 19980629 SROS: NASD FILER: COMPANY DATA: CONFORMED NAME: COYOTE NETWORK SYSTEMS INC CIK: 0000057201 ASSIGNED SIC: 5140 IRS NUMBER: 362448698 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NT 10-K ACT: 34 FILE NUMBER: 001-05486 FILM NUMBER: 98656803 BUSINESS ADDRESS: STREET1: 4360 PARK TERRACE DRIVE CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 PHONE: 8187357600 MAIL ADDRESS: STREET1: 26025 MUREAU ROAD CITY: CALABASAS STATE: CA ZIP: 91302 FORMER COMPANY: FORMER CONFORMED NAME: DIANA CORP DATE CHANGED: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FH INDUSTRIES CORP DATE CHANGED: 19850814 FORMER COMPANY: FORMER CONFORMED NAME: SCOT LAD FOODS INC DATE CHANGED: 19841202 Copyright ©1999 Partes Corporation.

To: Bill who wrote (152)	2/20/1999 11:53:00 AM
From: Jetter	Read Replies (1) \| Respond to of 360

After reading some of the sec docs on cyoe, it sure looks like nothing more than a high profile ponzi scheme to me... Can't wait to find out who "committed" to the financing deal. My guess is the only company they could get to sign on would be Comdisco. This should be fun to watch. Here's my guess. Halt... Delisting... Pink Sheets... SEC indictments... CYOE $0.05 in 6 months.

To: Bill who wrote (152)	2/20/1999 12:02:00 PM
From: GregS	Read Replies (2) \| Respond to of 360

CYOE's acquisition strategy has really puzzled me. Why is such a cash strapped company in such desperate desire to acquire other companies? CYOE states the importance of completing the acquistions, but gives no reasons why they are important. One of the most recent targets, Systeam S.p.A, owns 127,733 shares of CYOE stock which they have registed to sell. That in itself raises a red flag, but to make matters worse, Systeam S.p.A. is about to be bought by CYOE for an additiona $1.5M Cash and 880,000 unregistered shares. Apollo Telecom, Inc., another "emerging carrier", is about to be bought by CYOE for 350,000 unregistered shares. Not once have I seen CYOE mention how much revenue either of these companies would bring to CYOE. I bet not but a few dollars, if any. Has anyone noticed that the Diana settlement, if approved by the court, would require CYOE is issue 2,500,000 shares to holders of DIANA Corp's stock? I would really like to find out more about the "JNC Opportunity Fund", which has the right to sell 2,561,096 shares of CYOE, and has registered to do so. Who owns that fund? Who benefits from those shares? Want more garbage? Comdisco has not agreed to finance the remaining $25m in sales to Cresent, and CYOE can't do it without an infustion of cash. What are the odds that the remainder of that sale ever closes? Need more? The other major equipment sale last quarter, to Wireless USA, and "emerging" long distance carrier, was financed by CYOE. Does CYOE has the cash to finance such an operation. Their filing say not, but they did it anyway. To their credit, to be conservative, they deferred recognition of $3.7m of the $7.2M sale. The list goes on and on. I look forward to the discovery going on now by the real pros on SI. I am certain they will uncover and explain in much detail what CYOE is doing.

To: Bill who wrote (152)	2/20/1999 4:36:00 PM
From: TheLineMan	Respond to of 360

Well that's what interesting. I remember an old saying: If you owe the bank $1000 and can't pay it back - you are in trouble. If you owe the bank a $1,000,000 and can't pay it back the bank is in trouble . No one with any sense would lend them a penny based on their operating activities. However it looks like Comdisco are in a the hole already for $10,000,000.(assuming Crescent can't pay for the equipment). Not to mention $3,000,000+ in stocks and warrants. CYOE seem to have done a good job of making their problems - Comdisco's problems. I would think Comdisco wouldn't want to take a $13,000,000 write off and may be desperate enough to throw good money after bad. May be the are foolish enough to lend them money or guarantee a loan based on some CYOE asset although I can't think what. After all they did enter into this deal with CYOE -didn't they?