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Microcap & Penny Stocks : CSCA (Cassco Capital Corp.) -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (199)	4/4/1999 5:25:00 PM
From: AriKirA	Read Replies (1) \| Respond to of 410

For what it's worth, the following is what I found on CSCA. Even though CSCA has been the victim of a couple of P&D's lately, I honestly think that Mr Gregory, a retired military officer, is seriously trying to turn this company around. He seems to be a very decent individual. Anyone can contact him at 972-306-4604. PLEASE DO YOUR OWN DD. When it comes to OTC-BB and pink sheet stocks, do not trust anybody! Whisper talk has it that the acquisition will be internet related (some are saying that it will most probably be an on-line auction site). The following excerpt was posted at freenet.tlh.fl.us CASSCO CAPITAL (OTC BB:CSCA) Current Price Bid 0.04 Ask 0.06 Friday 4/1/99 Range 0.035000 - 0.075000 52-week Range 0.020000 - 0.400000 Volume 4/1/99 1,390,800 Outstanding Shares 10 million Mr Gregory confirmed that there were presently 16,000,000 shares outstanding. Of these, 10,000,000 are presently being transferred to CSCA's treasury and will be cancelled once the transfer is finalized. Mr Gregory couldn't tell me what the float was because he hadn't recuperated the company minute books from the old BoD. Thus, he is looking to get a hold of all the necessary paperwork before giving us a precise number. The president said one of his considerations for the new business is an e-commerce (internet auction), if this happens the stock could pop big. It is clear from reading the following information that the primary goals for CSCA are to bring all of the SEC filings up to date and to locate business opportunities that will increase the value of the company's shares. When you are talking about a stock that trades for 7 cents, you have to consider the risk involved. However, having said that there is unlimited potential when it comes to selecting a business. All the management would have to do in this day and age is select a .com business and boom your 7 cents a share stocks are worth 3 dollars the next day. Sure that is a wishful thinking but then we are talking about 7 cents a share. If you are going to buy a stock that trades for pennys, pick one that is on the acquisition trail at least you know that the potential is definitely there. Without the SEC filings we can't say for sure exactly what the financial details are but we can say they just sold an Oil Company so that's what kind of capital they are using to find a new business. In our opinion once they find a new business it will be to late to buy the stock at this price level so now is the recommended time to pick up shares. * I must intervene here since the author of this report is referring to 'capital' that might be used to find a new business venture. CSCA has very little capital assets to use for an acquisition. As you probably already know (if you don't, think twice about investing before having done any DD), the Trico property was sold back to the original owners in a stock transaction, which returned to the treasury Ten Million (10,000,000) shares of common stock. Therefore, we will most probably a see stock transaction in which a private company will decide to use this SHELL in order to become a public reporting company. As to the SEC Filings, they were supposed to be completed by the old BoD. As you all know, the latter definitely did not occur. Therefore, they are behind on the filing process. Mr Gregory told me that they should be up to date with said filings within 2 to 4 weeks. In addition thereto, as to the type of businesses they are looking at, Mr Gregory did mention that he already had some negotiations with various types of business. He specifically mentioned an e-commerce auction type company as well as some type of gaming company. However, they are also looking at some other types of businesses. However, he seemed to be very excited about the new era type business. Only time will tell. [...] Gregory stated that his primary goals for the Company were to bring all of the filings up to date and to locate business opportunities to increase the value of the Company's shares. In that regard, the Company has retained SEC Counsel and accounting professionals to get all of the SEC filings brought up to date. To insure that the filings can be completed, the Company has arranged a line of credit. During this process, the Company will investigate several business opportunities, which have been presented to it for review and consideration. CSCA was also mentioned at this site: talweb.com I have heard that there might be a PR this week. Nothing is certain as there is a lot of work to be done. Good luck to all shareholders AK