CYSS is back !!! wichtige info
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Eröffnet am: | 26.01.01 16:26 | von: Cash-money | Anzahl Beiträge: | 7 |
Neuester Beitrag: | 23.09.04 17:15 | von: billclinton | Leser gesamt: | 2.823 |
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Also ich finde das ist doch mal ein Grunf zum feiern oder??
LETTER TO SHAREHOLDERS
January 16, 2001
To My Fellow Shareholders:
We are writing this letter to you alert you to the progress of the company and its current status, impending actions and recent accomplishments.
The company has completed a reverse stock split of 100 for 1 effective January 31st 2001 through a vote of the majority shareholders. This reverse stock split was proposed by the management and board of directors to enable the company to raise sufficient capital to pursue its business plans. The company and its capital structure under previous management was set up to be an ineffective mechanism to raise capital. The company has been weighed down by the public market and through the efforts of various shareholders whose interest was self serving instead of the company. The company has continued to endure these efforts until the end of calendar year 2000. Management believes that the year 2001 will be a much better year for the shareholders of Crys*Tel.
With this reverse stock split, it is believed that financing will be more easily obtained and the market problems will be once and for all silenced. The company has taken these drastic measures to protect the public shareholders and the company in its survival. We, the management in connection with this measure are offering a very limited private placement to shareholders of record. Certain criteria will need to be met to qualify for this private placement. Please submit your name and address to qualify under this limited private placement offering either by facsimile at 858.558.8175, info@crys-tel.com or lorenzomusa@tin.it.
The following is an excerpt from the Information Statement that was filed with the Securities and Exchange Commission. Please read it carefully to understand the company's actions in effecting the reverse stock split.
"PURPOSE OF THE PROPOSED REVERSE SPLIT
The Board of Directors believes that the Reverse Split should enhance the acceptability of the Company's Common Stock by the financial community and the investment public. Many leading brokerage firms are reluctant to recommend low-price stocks to their clients. Additionally, since brokers' commissions on low-price stocks generally represent a higher percentage of the stock price than commissions on higher priced stocks, the current share price of the Common Stock can result in individual shareholder's paying transaction costs that are a higher percentage of their total share value than would be the case if the Company's share price was substantially higher. This factor may also limit willingness of institutions to purchase the Company's stock. In addition, a variety of brokerage house policies and practices tend to discourage individual brokers within those firms from dealing in low priced stocks. Some of those policies and practices pertain to the payment of brokers' commissions and to time-consuming procedures that function to make the handling of low priced stocks unattractive to brokers from an economic standpoint.
Further, the Company intends to apply to the NASDAQ Stock Market (once it has completed its reporting requirements to be listed on the Over the Counter Bulletin Market and obtained the necessary net asset requirements and capital) to have its Common Stock approved for listing on the NASDAQ Small Cap Market as soon as practicable after the Reverse Split is implemented. In order to be approved for listing on the NASDAQ Small Cap Market, the Company's Common Stock must, among other requirements, maintain a minimum bid price of $5.00 per share. The Board of Directors believes that being a NASDAQ Small Cap Market listed company will further enhance the Company's credibility with the financial community and the investing public at large. The Common Stock has been trading below $5.00 for the past several months, and recently in the $0.75 - $0.05 per share range. With the shares trading in such a range, small moves in absolute terms in the price-per-share of Common Stock translate into disproportionately large swings in the price on a percentage basis, and these swings tend to bear little relationship to the financial condition and results of the Company. In the Board's view, these factors have resulted in an unjustified, relatively low level of interest in the Company on the part of investment analysts, brokers and professionals, and individual investors, which tends to depress the market for the Common Stock. The Board has thus proposed the Reverse Split as a means of increasing the per-share market price of the Common Stock in the hope that these problems will thereby be addressed.
The decrease in the number of shares of Common Stock (and Preferred Stock converted into Common Stock) outstanding as a consequence of the proposed Reverse Split should increase the per share price of the Common Stock, which may encourage greater interest in the common Stock and possibly promote greater liquidity for the Company's shareholders. However, the increase in the per share price of the Common Stock as a consequence of the proposed Reverse Split may be proportionately less than the decrease in the number of shares outstanding. In addition, any increased liquidity due to any increased per share price could be partially or entirely offset by the reduced number of shares outstanding after the proposed Reverse Split. Moreover, the Reverse Split is expected to increase the number of "odd-lot" Common Stock holdings (i.e., holdings of a number of shares that are not divisible by 100), which may be more difficult to sell and may also result in increased selling costs with full- service brokers. Nevertheless, the proposed Reverse Split could result in a per share price that adequately compensates for the adverse impact of the market factors noted above.
THERE CAN, HOWEVER, BE NO ASSURANCE THAT THE FAVORABLE EFFECTS DESCRIBED ABOVE WILL OCCUR, OR THAT ANY INCREASE IN PER SHARE PRICE OF THE COMMON STOCK RESULTING FROM THE PROPOSED REVERSE STOCK SPLIT WILL BE MAINTAINED FOR ANY PERIOD OF TIME. MOREOVER, THERE CAN BE NO ASSURANCE THAT THE MARKET PRICE OF THE COMMON STOCK AFTER THE PROPOSED REVERSE SPLIT WILL BE HUNDRED TIMES THE MARKET PRICE BEFORE THE PROPOSED REVERSE SPLIT, OR THAT SUCH PRICE WILL EITHER EXCEED OR REMAIN IN EXCESS OF THE CURRENT MARKET PRICE."
In closing, Crys*Tel is working towards better management of its business and its public market and believes that this is the best step towards that objective. We are excited about the direction the company is taking and look forward to increasing shareholder value into the future.
Sincerely,
Lorenzo Musa, President & CEO, Chairman of the Board
Edward Nixon, Director & Advisor
Viele dachten crys-tel sei nach den langen nachrichtenlosen und handelslosen Tagen pleite, doch scheint es nun wieder besser zu laufen zumindest was den Handel und was die public relations betrifft.
Meiner Meinung ist die Firma noch nicht ueber de Berg das zeigt der Reverse Split was doch eine sehr extreme Art ist neue Gelder einzutreiben.Doch ich glaube L.Musa wird es gelingen diese Investoren zurueckzugewinnen, die einige andere Leute vergrault hatten.Die Firma hat nur noch einen Wert von 512000 $, deshalb sehe ich eine menge Luft nach oben insofern der Turn around geschafft wird.
Hoffen wir also dass es nicht so spaet ist, denn dann koennen wir uns ueber enorme Gewinne freuen,sollten nur die Kurse vom Anfang dieses Jahres ereicht werden(ein Bruchteil der Kurse vergangener Tage) waeren das ueber 3000%, also eine Investition von 300 euro koennte sich schon zu einer netten Summe entwickeln.
Gruss an alle Cyss Aktionaere!
http://www.ariva.de/board/thread.m?a=all&search=&nr=65899&613
Ich erinnere mich noch immer gerne an unser treffen vom letzen jahr...
Es ist wieder leben in der cyss (crys-tel)aktie, verzehnfacht in 3 monaten !!!!
Bis zum naechsten treffen im dezember, dann gibt was zu feiern!!!!