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

To: StockDung who wrote (25896)	3/31/1999 3:29:00 PM
From: makin_dough99	Respond to of 122088

<CYOE> India doesn't even have decent toilet paper !!!

To: StockDung who wrote (25896)	3/31/1999 3:55:00 PM
From: Wolff	Read Replies (2) \| Respond to of 122088

CYOE liquidity, today was supposed to be a magic day, look at there filing. Do you think they made the money to keep going? Liquidity --------- Primarily as a result of the negative publicity and consequent trading disruption described above, the Company has experienced significant delays in completing equipment supply contracts most of which require customer lease financing. The disruption has also delayed the Company's ability to arrange financing required to complete certain acquisitions and to provide additional working capital. As a consequence of these delays, the Company's plans and liquidity have been significantly impacted. The Company is currently in the process of seeking to raise funds through debt and equity financing and if this process is successful, management believes that it will provide adequate liquidity to meet the Company's planned capital and operating requirements through March 31, 1999. Thereafter, the Company's operations will need to be funded either with funds generated through operations or with additional debt or equity financing. If the Company's operations do not provide funds sufficient to fund its operations and the Company seeks outside financing, there can be no assurance that the Company will be able to obtain such financing when needed, on acceptable terms or at all.

To: StockDung who wrote (25896)	3/31/1999 4:02:00 PM
From: Wolff	Respond to of 122088

Looks like Systeam worked in a 1.5M dollar cash extraction from CYOE. Orginally the aquistion was raised like this on February 10, 1999 " Coyote Network Systems (Nasdaq: CYOE) today announced it has signed a definitive agreement to acquire controlling interest in Systeam S.p.A., by increasing its equity position to 60% from 9%, for approximately $5 million and 880,000 unregistered shares of Coyote common stock." Was changed on the March 25th to this: "Under the terms of the revised agreement, Coyote now has the option to either increase its equity position from 9% to approximately 15% for $1.5 million, or to increase such position to 60% by making an investment of $5 million and 880,000 shares of Coyote common stock." Language is an EITHER which means OR, which means it must be one of the two, without exception. By my logic Systeam is getting 1.5M cash one way or the other. Pretty good negotiator for Systeam, I would say.