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

To: MaryinRed who wrote (26425)	4/2/1999 8:55:00 AM
From: StockDung	Respond to of 122087

INET Interactive Network Systems -------------------------------------------------------------------------------- Financial Group Looks At Reseller Market -------------------------------------------------------------------------------- A Columbus, Ohio-based start-up company wants to provide financing for small-to-medium-size resellers of telecommunications services. The ability to bundle new services, including an array of enhanced services, has made the reseller market more dynamic, said Steve Jaffe, CEO of Receivables Funding Corp. The company does not make loans to resellers but instead purchases the accounts receivable of telecommunications resellers. This, Jaffe said, allows resellers to generate and increase their working capital. "The carriers aren't in the business of financing the resellers," Jaffe commented. "Instead, the trend is toward shortened payment terms and increasing collateral requirements." Receivables Funding purchases the accounts based on the expected value of the underlying assets, Jaffe explained. This arrangement differs from traditional financing sources, such as banks, which lend against accounts receivable. This means Receivables Funding does not require substantial amounts of excess collateral or a large equity base, Jaffe said. Jaffe thinks his company's timing is right because small- and medium-size resellers are beset by cash flow problems. In addition, resellers are facing increasing competition from many sectors, including regional Bell operating companies, cable TV operators and other industries seeking to become players in this booming market. "Many of the resellers of long-distance and wireless telecommunications services are smaller companies," said Claude Buchert, president of INET Interactive Network Systems, a Los Angeles-based reseller of telecommunications services. "While we are small, we are dealing with the giants of the telecommunications business." However, Buchert said the demand for business is strong. "Resellers have traditionally been able to offer service at a discount and when you are able to do that, you gain customers," he said. "What is difficult for this industry is the ability to generate the cash flow on a monthly basis to support growth." In addition, Buchert said, resellers often find it difficult to garner bank loans. "Most bankers are leery of companies with leveraged balance sheets and, in some cases, a lack of assets," Buchert said. "Even when a bank is interested, they don't understand our business enough to be as helpful as we need." Copyright © 1996 Chilton Company Copyright © 1996 Responsive Database Services, Inc.

To: MaryinRed who wrote (26425)	4/2/1999 9:55:00 AM
From: StockDung	Read Replies (1) \| Respond to of 122087

OK CYOE FANS. Three leases. One with Curcio of Crescant Communications. One with Apollo Telecom, and one more that we do not know about. What I can tell is that over 90% of CYOE sales came from the sales to Comdisco. We need to know who the third sale was. Now I know why Beeman was fired. He would not sign the 10q. CYOE left this information out about the sales being so large to Comdisco to fraud investors. We need to find the third lease. It may have been NUKO. =========================================== Used for downpayment on equipment leases by companies CYOE gave upfront warrants too. These warrants came from those companies not CYOE. What Comdisco does is accounts receivable financing on the lease. Usually 80%. The other 20 was the down payment or warrants. ("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. ==================================================== ================================================= 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.