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Gold/Mining/Energy : CSI Credit Systems CSU.VSE
CSU 4.350-0.9%Oct 8 1:22 PM EDT

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To: Ally who wrote (74)6/10/1999 1:45:00 PM
From: richieg  Read Replies (2) of 90
 
For what it's worth the Royal Bank isn't getting my shares for a paltry $1.30 unless I'm left in the last 25% and forced to sell. From my contacts that are holding out for at least $2.00 from them, and may or may not continue to hold for the long ride regardless of what the Royal wants due the potential for CSI, I hear these little tidbits:

1. CIBC World Markets (old Wood Gundy I believe) is buying !!
2. The scuttlebutt to add wood to the fire on the above is that CIBC apparently has been recommending to their CIBC Adventex Visa merchants (I believe they call it CIBC Aerogold Visa Advantex) to get CSI terminals in their stores.

I wonder what it means to the Royal to have errrr... insight into these merchants ? How many are there ? Can't be many, can there ?...

Is CIBC (the bank) buying these shares up ? or is it someone else buying through their brokerage ?

How many shares does the Royal now hold ? Can't be over 10% or there would be an immediate announcement of same. that's the law isn't it ?

A quote from the Royal Bank announcement of 04 June 99 -
"CSI's loyalty programs can also be easily integrated into a retailer's web site to ensure that online customers ..."
Did I miss an announcement somewhere along the line about the internet capabilities... if not, then the Royal knew about it but not the shareholders (I didn't) .. if that's the case then I wonder what else is going on that we don't know

This whole business leaves a lot of questions unanswered as you fellows have pointed out . If this was a U.S. company the price today would be much, much higher than we see. The potential via the internet ability mentioned is massive. I have been looking for another points system like this out there in cyberland and I can't find one ... there may be several but they sure are hiding.

No, I'm not dropping out .. will continue to hold on to my little 35 to 55 thousand shares and continue to trade as well. I happen to believe that even if the Royal pulls out(that will put a little mud on their face)we will see many others come in. CSI will be worth a lot more a year down the road than any of us presently imagine.

With all the media coverage etc. this little Co. is certainly getting recognized. Although our friends to the south have different attitudes and valuation ideas we, as usual, play the safe route and let this sort of bullying happen. I don't see many people offering shares over the $1.30 mark... or any takers...

Maybe, if the CSI system is so good, all the banks should buy up say 5% each ... that way one can't force a take over. If you chat with your friends at Credit Suisse, I'll talk to Barclay's (ha)

If enough of us are up to holding then maybe the Royal will get real.

cheers

Richie
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