BASTIAN TECHNOLOGIES MULLING COSMO &lt;CSMO.O> BID
  New York-based Bastian Technologies
  Corp said it acquired a five pct stake in Cosmo Communications
  Corp, and is considering a move to seek control of the company
  or to secure a role in its affairs.
      "Bastian Technologies believes that with the appropriate
  management policies and business strategies, the company can
  once again become profitable and maximize for all shareholders
  the underlying value of their company," Bastian said in a
  filing with the Securities and Exchange Commission.
      Bastian said alternatives being considered include an
  attempt to acquire Cosmo through a merger, tender or exchange
  offer, seeking to influence the company's management and
  policies, and seeking representation on Cosmo's board of
  directors through a proxy contest or otherwise.
      Bastian said it may contact third parties regarding its
  intentions toward Cosmo, adding it intends to request a meeting
  with Cosmo representatives to discuss its investment in Cosmo
  stock.
      Bastian currently holds 253,700 Cosmo common shares, or
  five pct of the total outstanding.
      The shares were purchased from Nasta International Inc
  &lt;NAS> on October 16 for about 1.15 mln dlrs, Bastia said.
  

