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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (25234)	3/30/1999 3:33:00 AM
From: StockDung	Read Replies (1) \| Respond to of 122087

It may be CYOE now but its still Diana Corp;A nice down payment on those leases which CYOE booked as sales. Question is will Comdisco get burnt when CYOE has to start making the payments after they buy the Apollo and Systeam? Are they making the payments for Rhino and Ice? CYOE has no customers except the companies they fronted money too. Its a fraud. A big fraud. They are creating their own sales and earnings. "Comdisco inadvertently failed to include 193,000 shares of Coyote Common Stock which it obtained the right to acquire pursuant to certain warrants (the "Warrants") which were acquired by Comdisco in connection with certain equipment financing transactions among Comdisco and Coyote, and Coyote's customers." ================================================================== Comdisco acquired 519,900 shares of Coyote Common Stock through open market purchases effected on The NASDAQ Stock Market from time to time beginning in March, 1998 ("Purchased Coyote Shares"). After giving effect to the sale of 14,500 of the Purchased Coyote Shares on December 7, 1998, as of the date of this Schedule 13G. Comdisco beneficially owns 515,400 Purchased Coyote Shares. Based on the number of shares of issued and outstanding Coyote Common Stock from time to time reported during this period by Coyote in its filings with the Commission, at no time did the Purchased Coyote Shares exceed 5% of the issued and outstanding Coyote Common Stock. However, in making its determination as to its beneficial ownership of Coyote Common Stock, Comdisco inadvertently failed to include 193,000 shares of Coyote Common Stock which it obtained the right to acquire pursuant to certain warrants (the "Warrants") which were acquired by Comdisco in connection with certain equipment financing transactions among Comdisco and Coyote, and Coyote's customers. As a result of the Warrants, Comdisco became the beneficial owner of an aggregate of 193,000 shares of Coyote Common Stock ("Warrant Shares") on the following dates: 40,750 shares on March 26, 1998, 78,750 shares on June 26, 1998 and 73,500 shares on September 30, 1998. The Warrants have not been exercised to date by Comdisco. After taking into account its beneficial ownership of the Warrant Shares, Comdisco acquired beneficial ownership of 5% of Coyote Common Stock on June 26, 1998 when it obtained the right to acquire 78,750 Warrant Shares, giving it 5.68% of issued and outstanding Coyote Common Stock as of that date (treating the Warrant Shares as issued and outstanding as required by Rule 13d-3 of the Securities Exchange Act). Since that date, Comdisco has acquired additional shares of Coyote Common Stock (including the right to acquire an additional 73,500 Warrant Shares) resulting in its current beneficial ownership of 6.6% of the issued and outstanding Coyote Common Stock. Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]. Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company Not applicable Item 8. Identification and Classification of Members of the Group Not applicable -5- Item 9. Notice of Dissolution of Group Not applicable Item 10. Certification By signing below the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. Signature After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: January 12, 1999 COMDISCO, INC. By: Name: /s/Philip A. Hewes Title: Senior Vice President and Secretary --------------------------------------------------------------------------------