coastal caribbean (cco@) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : coastal caribbean (cco@)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: andy harrison who wrote (1999)	11/9/2000 1:40:03 PM
From: Edwin S. Fujinaka	Read Replies (1) of 4686

You may be right. I would be disappointed if they settle for any less than $5/share or around $500 million (perhaps a little less). If it drags on for longer than another year, it may be because the lawyer for the eminent domain issue is going for the jackpot. Perhaps He will play it like the Florida tobacco attorneys. Florida is used to these big legal settlements and I believe that a good lawyer can make a case for the billions of dollars worth of oil under the Coastal Petroleum leases. The tobacco settlement was for over $11 billion and the State's lawyers in that case got $3.4 billion. I believe the Florida laws governing eminent domain explicitly provide for the State (in this case) to pay the legal fees in addition to the damages. As soon as the lawsuit is formally filed, I would expect a jump in price for the CCO shares. Given my track record in predicting the stock price, I suppose we'll see the $0.50 level soon <G>. (Just kidding, I hope). I do think that if Al Gore wins, our stock will take a hit.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next