Off shore 8K Financing! Message Board

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Technology Stocks : Off shore 8K Financing!

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To: james h. snyder who wrote (29)	6/5/1997 12:43:00 AM
From: The Vet	of 50

I am not really fully up to speed on what happened, but it seems that the financiers sold the hell out of the stock. The temporary lull was caused by the company starting legal action against the sellers, but that has been withdrawn (I guess what they did was probably legal - and the company had been foolish enough to raise money that way). Since the legal action has been withdrawn the stock has gradually drifted down again, but without much volume so it is hard to know what is going on. I am actually long on CLFZF (in a small way) because it looks to me that they will survive; they have expanded production and the price of Cobalt is going up, and I think around $2 is so undervalued it's a pretty cheap lottery ticket. I may even win in the longer term??

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