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Microcap & Penny Stocks : SPDE (nee CVUS)-- the scammiest Internet stock -- Ignore unavailable to you. Want to Upgrade?

To: tony 890 who wrote (33)	4/17/1999 5:41:00 PM
From: Bernard Levy	Read Replies (2) \| Respond to of 114

Tony: Wrong on all counts. a) SPDE is just a new name for CVUS, which had been trading on the Nasdaq since it went public in 1994. SPDE just avoided delisting, presumably because of the cash infusion brought about by the sale of most of its spectrum to Winstar. Note that when CVUS went public, CVUS raised about $90M. Before the spectrum sale, it was at about -$20M. So, the company burnt about $100M in 5 years. The company is reduced to a skeleton crew of about 10 employees, it cannot maintain its equipment, because the CEO Shant H. stiffed the equipment manufacturer, which is suing SPDE. For that matter, the CEO of SPDE is being sued by every person he has ever encountered: the previous CEO, the CTO (Bernie Bossard), and a long list of suppliers who have not beein paid. It's not a pretty sight. b) All SPDE got was a license to customize Netscape. Gee, next time I purchase a license from Netscape, I will be setting up a scam.com company, and will be charging you $7/sh for the thrill this brings to your life. With all due respect, you need to read the entire CVUS thread on SI and Yahoo (if it is still up) to understand what's going on. You have no concept of what you are getting into.