Calton, Inc. (CN) Message Board

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Microcap & Penny Stocks : Calton, Inc. (CN)

CTON 0.800

0.0%

Oct 30 4:00 PM EDT

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To: chalu2 who wrote (24)	3/2/2000 6:14:00 PM
From: Glenn Petersen	Read Replies (1) of 67

It looks like CN turned a $250,000 investment into $2.5 MM. CRVUE closed at $6.25 today. Total warrants and common stock: 395,976 shares. From the Form 10-K: "The Company loaned $250,000 to an entity in exchange for a convertible note with a warrant attached. The note has been subsequently converted to 142,851 common shares of CorVu Corporation (symbol-"CRVU") under the terms of the loan when the borrower became a publicly held company through a reverse merger. As consideration for making the loan, the Company obtained a warrant that permits the purchase of 253,125 shares at a per share price of $.01 per share. The fair value of the warrant is $16,000 based upon the allocation of the relative fair values of the convertible note and warrant at the time of issuance. The market price for CorVu common stock was $6.25 per share as of February 9, 2000; however, both the stock and the stock under the warrants are unregistered securities and therefore are not freely tradable."

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