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   Gold/Mining/EnergyCSI Credit Systems CSU.VSE


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To: ED BAARTMAN who wrote (50)6/4/1999 3:32:00 PM
From: keith schaefer
   of 90
 
Now you see the Royal Bank cluing in. See RBC Dominion Securities bidding for 100,000 at 25, they don't want to lose stock to these arbitrageurs. I think the law says they're allowed to buy something like 10% of the stock in the open market or something, but not quite sure on that.

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To: keith schaefer who wrote (63)6/4/1999 6:57:00 PM
From: ED BAARTMAN
   of 90
 
Do you think Bunting Warburg can buy enough shares to hold that kind of a control position?

Ed B.

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To: ED BAARTMAN who wrote (65)6/4/1999 7:15:00 PM
From: Stephen O
   of 90
 
They bought 325,000 shares today @ $1.245 avg, almost 3% of total o/s

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To: keith schaefer who wrote (59)6/4/1999 11:34:00 PM
From: Stephen O
   of 90
 
Keith You left out the fact that CSI is now supplying terminals to MacDonalds, the Big-Mac purveyor. Terminals are installed in several MacDonalds in British Columbia and they hope to have McCash cards on the market soon. Think of the transaction fees possible there. Right now the terminals are for Debit card processing.

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To: keith schaefer who wrote (59)6/5/1999 8:40:00 AM
From: Ally
   of 90
 
Keith,

I'm of the same thinking as the article in this weekend's NP. CSI is just at the verge of getting the Ernex system well known with major retailers. The stock is just about to blossom. Royal Bank knows this, and is attempting to get the technology for a "song" before the stock takes off.

Obviously, if Royal is willing to pay $1.30 for the company, it is worth more now that CSI is in the limelight with their Ernex system, I think there will be other suitors should this one fails. I'm willing to risk my miserly 5,000 shares and not sell to Royal for a "bird feed" amount of $1.30. The $2.00 mentioned in NP is more like it!

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To: Ally who wrote (68)6/5/1999 9:24:00 AM
From: Stephen O
   of 90
 
Ally et al

The Royal Bank obviously wants to use the system. If they had announced their intentions, or even just part of them, the stock would have gone up to $1.50 - $2 on the announcement alone.

Is this a case of Eastern bankers attempting to put a fast one over on simple Vancouver brokers and their clients?

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To: Stephen O who wrote (69)6/6/1999 11:58:00 PM
From: ED BAARTMAN
   of 90
 
"Is this a case of Eastern bankers attempting to put a fast one over on simple Vancouver brokers and their clients?"

Yes, as well as the management of CSI.

Ed B.

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To: ED BAARTMAN who wrote (70)6/7/1999 12:47:00 PM
From: keith schaefer
   of 90
 
This is no small acquisition for the Royal Bank. CSI's technology will be a key cornerstone in the post failed-merger bank world here in Canada. Why else would they want to own it? Why not make a couple small purchases, test the technology for a few months.

They know what it's worth, and they don't want other banks to have it. They are going to use ERNEX to steal as much terminal business from BMO and CIBC et al as possible.

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To: keith schaefer who wrote (71)6/7/1999 1:59:00 PM
From: ED BAARTMAN
   of 90
 
If this "no small acquisition for the Royal Bank" they should be paying a lot more for it.

Ed B.

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To: ED BAARTMAN who wrote (72)6/7/1999 3:06:00 PM
From: Stephen O
   of 90
 
Where are the other Canadian Banks?. This company needs an American company to take it over. Did you see in the Globe and Mail story on Saturday, that Christenson said the ERNEX programs can be tied into a retailer's website. CSI is an internet company, and they are valued in the 100s of millions for their future potential even when they have no revenues.

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