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


To: Wolff who wrote (231)3/19/1999 7:02:00 PM
From: marcus brutus  Respond to of 360
 
Methinks Tony was being disingenuous; he's too close to the CEO, COO & CFO to NOT be aware of the Systeam specifics. Below is the text from their 10Q:

Under the Systeam acquisition agreement, the Company is obligated to pay $3.5 million by March 18, 1999. The Company is currently seeking to raise funds to meet this obligation. However, if the Company in unable to obtain the funds by March 18, 1999, the Company may ask Systeam to extend such date. There can be no assurance that an extension will be granted and this agreement maybe terminated, which could have a material adverse effect on the Company.