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   Gold/Mining/EnergyCSI Credit Systems CSU.VSE


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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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To: Stephen O who wrote (73)6/8/1999 2:47:00 PM
From: Ally
   of 90
 
>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.<

This makes it more puzzling why management agree to sell out at a mere $1.30?

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To: Ally who wrote (74)6/10/1999 1:45:00 PM
From: richieg
   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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To: richieg who wrote (75)6/10/1999 4:24:00 PM
From: keith schaefer
   of 90
 
On line merchants doesn't mean Internet, it means having on-line authorization on the banking network, not using the clack clack machines of old.

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To: keith schaefer who wrote (76)6/10/1999 6:00:00 PM
From: Stephen O
   of 90
 
Keith
An exerpt from the news release put out by the Royal Bank -
"CSI's loyalty programs can also be easily integrated into a retailer's Web site to ensure that on-line customers benefit from the same valuable savings and rewards. "

That says WEB site, that means to me if you buy something through the internet that points can be awarded through the loyalty program.

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