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Technology Stocks : CYOE / Diana Corp. Why has the SEC not halted this pig? -- Ignore unavailable to you. Want to Upgrade?


To: Q. who wrote (59)3/3/1999 11:15:00 AM
From: robbie  Read Replies (1) | Respond to of 242
 
CYOE - from last 10Q:

The Company conservatively deferred recognition of $3.7 million in profit attributable to a $7.2 million equipment sale to Wireless USA, an emerging international long distance provider. The Company granted extended payment terms to Wireless USA while it seeks lease financing. The Company will recognize the profit on this sale when payment is made or all contingencies are removed.

A (fluff) PR:

PrinVest Corporation to Provide More Than $20 Million in Lease Financing to Coyote Customers

Has anyone asked or does anyone know if Prinvest will provide financing to Wireless USA, so CYOE can collect their receivable and/or book the profit from the sale to Wireless?

Robbie






To: Q. who wrote (59)3/6/1999 3:37:00 PM
From: Bruce A. Thompson  Read Replies (1) | Respond to of 242
 
John RE:

"I believe it is reasonable to short CYOE based on:
* the stock's high valuation
* the low quality of management and customers
* the unlikely business plan of an equipment vendor consolidating its long distance reseller customers
* the lack of any competitive advantages in a cut-throat business
* the co.'s liquidity problems."

>>>>>>>>>>>>>>>>>>>>>

You forgot to mention the big batch of floorless convertibles. <GGG>

BT