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Microcap & Penny Stocks : CAGI--A Sleeper Waiting to Wake Up!!!! -- Ignore unavailable to you. Want to Upgrade?

To: LarryS who wrote (933)	4/19/1999 10:02:00 PM
From: Philip Bosco	Read Replies (1) \| Respond to of 1020

Larry, I really don't believe there is a financial problem with CAGI. The current CFO was a partner with one of the largest accounting firms in the country. He left that position as partner to become the CFO of CAGI. Leaving that large salary plus the equity ownership of such a large firm would not make any sense to jump into a company that has management problems much less a financial problem. That would be like an Attorney from one of the world's largest law firms who has performed legal services for a company for years and then leaves the law firm to work as corporate counsel for the company and within three months the company is consumed with legal problems. No, I don't think so. It is my opinion and I would have to believe that there are not any financial problems with CAGI. Sure the SEC may have questions. These acquisitions were very complex. Many of the acquisition agreements were drafted by Attorneys from other countries. I do not see this as a financial problem but rather as Scoggin says it proves that CAGI is not just a little company anymore but instead has become a very complex corporation and one in which I believe is doing the right things. I have just presented the facts for which I based my opinion. No pumping.

To: LarryS who wrote (933)	4/20/1999 11:40:00 AM
From: HARRY BROWN	Read Replies (1) \| Respond to of 1020

Larry: I have been in this stock since it was $.65. No, I am not to this site. Management is doing all it can to comply with the SEC. The SEC is merely commenting on the most appropriate way for CAGI to account for its goodwill, nothing more, nothing less. There is nothing sinister or underhanded here, just a clarification between the two parties regarding accounting principles. As a former Treasurer of a mutual, I know that these matters can get complicated. The company's management (as would I in this situation) is merely doing all it can to comply with the SEC so it can proceed with its business and the AMEX listing. Secondly, when the stock was $.65, it had $.05 earnings then. That was before MAVIS was being marketed, that was before all the acquisitions (which are profitable by the way). So while there may be some uncertainty what the earnings might ultimately be, ie. $.12 versus the $.16 anticipated due to accounting, not revenues, there is no doubt this is a company with earnings (unlike many other BB stocks) and growing revenues. It's a great stock with a great future. Obviously, it's your choice whether or not you want to be a shareholder, but there is no good reason for anyone to be overly concerned about the process they are going through at this time.