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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Joe Copia who wrote (24181)	2/16/2002 12:19:44 PM
From: Joe Copia	Read Replies (1) of 25711

Well folks, I had to buy some COPI (almost my name!) @ .18 on Friday. It may be a scam but that article states .46 min and .74 high for it. May she gap into the .40's Tuesday morning! B: New Agreement Drives Crescent Operating This Morning B: New Agreement Drives Crescent Operating This Morning Ridgeland, MS, FEB 15, 2002 (EventX/Knobias.com via COMTEX) -- Crescent Operating, Inc. (OTCBB:COPI) announced late yesterday that it has executed an agreement with Crescent Real Estate Equities Company (NYSE:CEI) which provides, among other things, the basis for Crescent Operating to file a prepackaged bankruptcy plan that the Company believes will provide for a limited recovery to its stockholders. The following was included in the company's press release: -The Company anticipates that the value of the CEI common shares issued (which is part of the $14.0 million consideration previously mentioned) will be approximately $5.0 to $8.0 million, or approximately $0.46 to $0.74 per share of Crescent Operating common stock. The final amount, which will not be determined until the confirmation of Crescent Operating's bankruptcy plan, could vary substantially from this estimate. Shares are trading sharply higher in the session at this time, on very strong share volume.

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