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


To: Q. who wrote (251)3/25/1999 3:50:00 PM
From: marcus brutus  Read Replies (1) | Respond to of 360
 
Actually, CYOE was required to make this release. They created an affirmative disclosure obligation via their PR and SEC filing that addressed the need for cash by 3/18 for use in acquiring control of Systeam and that that failure to close on Systeam might have a MATERIAL ADVERSE EFFECT on CYOE. I've been hammering CYOE's obligation to disclose to the market the status of the deal/loan/et al on the Yahoo! board. The fact that this PR was REQUIRED, it is among the most informative, least hyped releases from them I've ever seen.

What is still missing from their disclosures is any explanation of WHY failing to close might create a M.A.E! And CYOE is still boxed in: in this PR they've created another disclosure milestone -- 3/29. I expect the SEC will continue to monitor whether they fulfill their affirmative disclosure obligations now that the issue has been raised in public forums. Therefore, I predict we'll get the next PR update in this serial ~ 4/5.