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Technology Stocks : CAWS - Wireless Cable (New and Improved)
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To: Luce Wildebeest who wrote (580)11/29/1996 2:08:00 PM
From: Jose A. Suarez   of 5812
 
Calvin, with your logic, if you sell the other 1000 that you bought at 6, then you will be in at an average of 3.25.... heck if you sell the last 1000 you bought at 3.25.... you will be an average of 0.

But hey don't worry so much. First is only money. Second, you are not alone.... I am in at $7.99 for a ton of shares.... I am just going to wait and ride it out.

If BANX paid $100MM for an option to purchase 45% of the company for $300MM, then the company has to be worth more than the current market capitalization of $100MM. If not, BANX is just plain stupid (like the rest of us).

So even if BANX doesn't execute on its option (which they will obviously not)... there has to be some value to the spectrum owned by CAWS.
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